After 1492, the Atlantic Ocean Became a Bridge Rather Than

question 54

Multiple Choice

After 1492, the Atlantic Ocean became a bridge rather than a barrier for Europeans. As a result, all of the following occurred except:

• A) diseases brought from Europe depopulated the Americas.
• B) Africa became involved in the transatlantic slave trade.
• C) Europeans were able to trade directly with the East for the first time.
• D) the Italians expanded their trade networks.

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Definitions:

Contribution Format

An income statement format that highlights the contribution margin, separating fixed costs from variable costs to provide insight into profitability.

Income Statement

A financial statement that shows a company's revenues, expenses, and net income over a specific period of time.

Cost-Volume-Profit Relationships

An analysis tool measuring how changes in costs, sales volume, and price affect a company’s profit.

Net Operating Income

The profit realized from a business's operations after subtracting operating expenses from gross profit.