Why Did the New England Colonies Develop Differently from the Chesapeake

question 35

Multiple Choice

Why did the New England colonies develop differently from the Chesapeake colonies?

• A) The New England settlers rejected the institution of slavery.
• B) The New England colonies were royal colonies and were never run by corporations.
• C) Religion was a much more important force in shaping New England society than it was in shaping Chesapeake society.
• D) The migrants who chose to settle in New England were generally younger than those who settled in the Chesapeake.

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Definitions:

Variable Costs

Expenses that change in proportion to the activity of a business, such as costs for raw materials or production costs.

Fixed Costs

Costs that do not change with the level of production or sales, such as rent, salaries, and insurance.

Incremental Cash Flow

The additional cash flow from taking on a new project, calculated as the difference between the project's cash flows if the project is taken versus if it is not.

Incremental Cash Flow

The additional cash flow a company receives from undertaking a new project, considering the revenue and costs involved.