What Was the Columbian Exchange? What Did the Old World

question 25

Essay

What was the Columbian Exchange? What did the Old World send to the New World and vice versa? How did this exchange influence cultures on both sides of the Atlantic Ocean? Explain.

---

Definitions:

Activity Base

A measure used for allocating fixed costs to products or services based on the amount of activity.

Service Departments

Units within an organization that provide support to the profit-making departments, rather than directly contributing to profits.

Profit Margin

represents the percentage of revenue that remains as profit after all operating expenses, taxes, and costs have been deducted from total sales.

Investment Turnover

A ratio that measures how effectively a company generates sales or revenue from its investment in assets.