Because of the Trade Through the Strait of Malacca, and Through

question 50

Multiple Choice

Because of the trade through the Strait of Malacca, and through astute alliances, Malacca became an important port and

• A)the focus of the annual Buddhist pilgrimage.
• B)a meeting place for traders from around the Eurasian world.
• C)replaced Madagascar as the most important slave-trading port.
• D)became one of the most homogeneous cities in Southeast Asia.
• E)became known as the "Asian Tiger."

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Definitions:

Corporations Proprietorships

Business entities where corporations are legally independent from their owners and proprietorships are owned and run by one individual, with no legal distinction between the owner and the business.

Retained Earnings

The portion of net income not distributed as dividends but retained by the company to be reinvested in its core business or to pay debt.

Deficit

The amount by which expenses exceed income or liabilities surpass assets.

Retained Earnings Statement

A financial statement that shows the amounts of a company's profits that are kept within the business rather than paid out as dividends.