MATCHING Match the Person or Term with the with the Correct

question 35

Multiple Choice

MATCHING
Match the person or term with the with the correct description.
-Vasco da Gama

• A)claimed Brazil for Portugal in 1500
• B)founded Quebec
• C)Italian who sailed for Spain in 1492
• D)Dominican priest who preached against Spanish abuses of Indians
• E)British economist who wrote The Wealth of Nations
• F)Spanish conquistador who conquered the Aztecs
• G)sailed around southern Africa and into the Indian Ocean
• H)America was named for him
• I)first European to discover Newfoundland in 1497
• J)explored Florida
• K)led seven large naval expeditions in early 1400s
• L)developed a movable-type printing press

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Definitions:

Margin of Safety

The difference between actual sales and the break-even point, indicating how much sales can drop before a company incurs a loss.

Break-even Sales

The instance at which all costs are balanced by all revenues, resulting in neither gain nor loss.

Break-even Point

The level of production or sales at which total revenues equal total expenses, resulting in no profit or loss.

Fixed Expenses

Costs that are static in total over a particular period, not varying with production volume or sales, such as salaries and rent.