Regarding Knowledge of the Americas Prior to the Fifteenth Century,most

question 76

Multiple Choice

Regarding knowledge of the Americas prior to the fifteenth century,most Europeans

• A) believed the Americas consisted of little more than several small islands.
• B) were entirely unaware of the existence of the Americas.
• C) had only heard of America from the travels of Marco Polo.
• D) assumed that the Americas were largely unpopulated.
• E) were aware of the travels of the Norse seaman Leif Eriksson in the eleventh century.

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Definitions:

Compounded Annually

Refers to the process of calculating interest earned on an investment or loan on an annual basis, where the amount earned is reinvested to earn additional interest in subsequent years.

Cash Flows

The cumulative exchange of cash and cash-equivalents flowing into and out of a corporate entity.

Lump Sum Payment

One lump sum payment made at a specific moment, rather than multiple smaller payments over time.

Management Contract

An agreement between two parties wherein one party agrees to manage the operations of a project or business on behalf of the other for a predetermined period and fee.