Identify the Statement That Is False

question 88

Multiple Choice

Identify the statement that is false.

• A) The triangular trade was infamously profitable and made up most of the colonial commerce.
• B) A trader would leave New England with a cargo of rum and sail to the Gold Coast of Africa.
• C) A trader would barter rum with African chiefs for captured African slaves.
• D) A trader would travel to the West Indies with the African slaves for molasses.
• E) A trader would travel to New England with the molasses, where it would be distilled into rum.

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Definitions:

Return On Assets

A financial ratio that measures how efficiently a company uses its assets to generate profit.

Nonoperating Investments

Investments made by a company that are not related to its primary business operations, often including stocks, bonds, or real estate.

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Private financial pools contributed by family members to invest in various ventures or securities.

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Families that engage in entrepreneurial ventures, often spanning multiple generations with a focus on innovation and business growth.