The Early Explorers Used Sailing Ships,which Were Blown by the Major

question 20

True/False

The early explorers used sailing ships,which were blown by the major winds; therefore,Columbus and other sailors generally traveled from Europe to North America by the mid-latitude westerlies,and returned to Europe by the southern easterlies near the equator.

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Definitions:

Internal Rate Of Return

A financial metric used to evaluate the profitability of potential investments, representing the interest rate at which the net present value of all the cash flows from a project or investment equals zero.

Labor Savings

A reduction in the amount of labor required or a decrease in labor costs, often as a result of improved efficiency or automation.

Useful Life

The estimated period over which an asset is expected to be used before it is fully depreciated.

Profitability Index

A ratio that compares the present value of future cash flows of a project to its initial investment, used to assess the desirability of projects.