What Was the Most Important Reason for the Massive Growth

question 15

Multiple Choice

What was the most important reason for the massive growth of the African slave trade in the sixteenth century?

• A) The need to supply the mines of Peru with an abundant labor force
• B) The desire to develop the tobacco plantations of the New World
• C) The intense labor needs created by the development of sugar growing in the New World
• D) The enormous growth in the African birth rate
• E) The European ability to obtain slaves in many West African areas

---

Definitions:

Working Capital

The variance between a firm's current holdings and debts, reflecting its short-term economic condition and efficiency in procedures.

Balance Sheet

A financial statement that shows a company's assets, liabilities, and equity at a specific point in time.

Sales On Account

Transactions where revenue is recorded when sales are made, but payment is received at a later date.

Cost Of Goods Sold

The total cost of goods that have been sold during a specific period, including the cost of materials, labor, and overhead.