In the End,Portugal Was Unable to Maintain Its Early Domination

question 44

Multiple Choice

In the end,Portugal was unable to maintain its early domination of trade because

• A) it was a small country with a small population.
• B) a Chinese resurgence of naval exploration forced the Portuguese out.
• C) a late outbreak of the bubonic plague in the seventeenth century killed half the country's population.
• D) the English,French,and Dutch formed a lasting alliance designed to force the Portuguese to surrender.
• E) the Portuguese tired of the expenses of naval exploration and focused on their European land empire.

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Definitions:

Net Income

The total profit of a company after subtracting all expenses from total revenues, reflecting the company's financial performance over a given period.

Contribution Margin

The amount by which a product's sales price exceeds its total variable costs, used to cover fixed costs and generate profit.

Variable Costing

Variable costing is an accounting method that includes only variable production costs in the cost of goods sold and inventory valuation.

Net Income

This is the total profit of a company after all expenses, taxes, and costs have been subtracted from total revenue.