The Tea Act of 1773

question 13

Multiple Choice

The Tea Act of 1773

• A) All these answers are correct.
• B) followed a few years of relative calm between England and the American colonies.
• C) was intended to benefit a private British company.
• D) lowered the price of tea for American colonists.
• E) provided no new tax on tea.

---

Definitions:

Master Budget

A comprehensive financial plan for an organization, including all individual budgets related to sales, production, overheads, etc., for a specific period.

Direct Labor

The wages and salaries for the workers who are directly involved in the production of goods, easily traceable to the product.

Credit Sales

Sales made by a business where the payment is deferred, allowing the buyer to pay at a later date.

Production Budget

An estimation of the number of units that must be manufactured to meet the sales goals and the estimated costs involved.