As Trade Increased in the Fourteenth and Fifteenth Centuries, the Strait

question 37

Multiple Choice

As trade increased in the fourteenth and fifteenth centuries, the Strait of Malacca became the center of a political rivalry between

• A)Java and Ceylon.
• B)Siam and Tibet.
• C)India and Gujarat.
• D)the kingdom of Majapahit and Chinese pirates.
• E)Calcutta and Bombay.

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Definitions:

Ending Inventory

The total value of all goods available for sale at the end of an accounting period.

Merchandising Company

A type of business that purchases products to resell them at a profit without changing their form.

Ending Finished Goods

The inventory of goods manufactured and ready for sale at the end of an accounting period.

Cost of Goods Manufactured

The total production cost of goods completed during a specific period, including the costs of materials, labor, and manufacturing overhead.