The Flota System Was

question 40

Multiple Choice

The flota system was

• A)the chief method for bringing slaves to Spanish colonies.
• B)an attempt to regulate Spanish trade in the New World.
• C)an extremely efficient method of extracting the wealth of the New World.
• D)used by Spain to convert Native Americans to Catholicism.

Understand the implications of market efficiency on investment strategies, including the ineffectiveness of technical analysis in efficient markets.

Grasp the role of information dissemination and competition in ensuring market efficiency.

Calculate total returns on investments, incorporating both capital gains/losses and dividend payments.

Recognize the ethical considerations in financial markets, specifically the impact of insider trading on market efficiency.

---

Definitions:

Internal Control

A system of policies and procedures implemented by a company to ensure the integrity of financial and accounting information, enhance operational efficiency, and promote adherence to applicable laws and regulations.

Bank Account

An account held by an individual or business with a financial institution, allowing for the deposit and withdrawal of funds.

Physical Custody

The actual possession or direct control of tangible assets, documents, or securities.

Asset Records

Documentation that details the acquisition, valuation, and disposal of assets owned by an individual or organization.