The Stamp Act Was Designed to Tax the Colonists for the Purpose

question 22

Multiple Choice

The Stamp Act was designed to tax the colonists for the purpose of

• A) repaying Britain's war debts in Europe.
• B) paying the soldiers protecting the North American colonies.
• C) paying for the quartering of British soldiers in South Carolina.
• D) regaining control of the colonies.
• E) punishing colonists for not participating wholeheartedly in the French and Indian War.

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Definitions:

Operating Expenses

The costs associated with the day-to-day activities of running a business, not including the cost of goods sold.

Cost of Merchandise Sold

The direct costs attributable to goods sold by a company, including the purchase price of merchandise, freight, and handling charges, less any discounts received.

Retail Business

A business entity that sells goods or services directly to consumers.

Service Business

A business that provides intangible products or services to customers.