Within Ten Years of Columbus's Arrival in the New World

question 50

Multiple Choice

Within ten years of Columbus's arrival in the New World, the Portuguese had explored as far as

• A)the Cape Verdi Islands.
• B)the Gold Coast of Africa.
• C)the mouth of the Congo River.
• D)the southern tip of Africa.
• E)India via the Cape of Good Hope.

---

Definitions:

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including the cost of the materials and labor directly used to create the product.

Finished Goods

Goods that are finished with production and available for purchase.

Accounts Receivable

The money owed to a company by its customers for products or services that have been delivered but not yet paid for.

Work in Process

Goods in various stages of completion throughout the production process, not yet ready for sale.