In Addition to a Desire to Expand Abroad, Europe Overseas

question 20

Multiple Choice

In addition to a desire to expand abroad, Europe overseas expansion was made possible by

• A)the technological advantages Europeans had over Muslim and Eastern civilizations.
• B)the political unity furnished by the Holy Roman Empire.
• C)the religious unity furnished by the papacy.
• D)a sense of desperation caused by the Black Death.
• E)all of the above

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Definitions:

Operating Leverage

A measure of the relative mix of a business’s variable costs and fixed costs, computed as contribution margin divided by operating income.

Highly Automated Industries

Sectors where machines and advanced technologies preponderantly perform production and operational processes, reducing human intervention.

Break-even Point

The point at which total revenues equal total costs and expenses, leaving no net loss or gain.

Margin of Safety

The difference between actual or expected sales and the sales level at which a company breaks even, providing a buffer against losses.