Factors in the Success of the Dutch Overseas Trading Empire

question 36

Multiple Choice

Factors in the success of the Dutch overseas trading empire included

• A)the decline of its Baltic trade.
• B)the discovery of rich silver mines in India.
• C)the great benefits of the alliance with England.
• D)technological improvements and formation of the Dutch East India Company and the Bank of Amsterdam.
• E)a solid base of wealthy and stable merchants.

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Definitions:

Variable Costing

An accounting method that includes only variable costs—costs that change with production volume—in product costing and decision making.

Common Fixed Expenses

Expenses that do not vary with the level of production or sales, and are shared across different segments or products of a company.

Total Fixed Expenses

The cumulative amount of all expenses that do not change with the level of production or sales within a certain range and period.

Division A

A designated segment or business unit within a larger organization, typically focused on a specific product line or market sector.