The Traders of the Indian Ocean, Where Distances Were Greater

question 23

Multiple Choice

The traders of the Indian Ocean, where distances were greater and contacts less frequent,

• A) did not tend to be multilingual.
• B) rarely strayed far from the shorelines.
• C) kept strong ties to their homelands.
• D) seldom retained political ties with their homelands.
• E) none of the above.

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Definitions:

Variable Costs

Costs that vary in proportion with the level of goods or services produced or sold.

Fixed Costs

Costs that do not vary with the level of output or sales, such as rent, salaries, and insurance premiums.

Break-Even Point

The sales level at which total revenues equal total costs, resulting in no profit but no loss.

Contribution Margin

The amount remaining from sales revenue after variable expenses have been deducted, showing how much contributes to fixed expenses and profits.