The Collapse of Several Companies Earlier This Century Led to the Establishment

question 5

Multiple Choice

The collapse of several companies earlier this century led to the establishment of a Royal Commission to investigate the contributing issues. Which of the following was not an identified issue?

• A)Mismanagement.
• B)Unsound management culture.
• C)Ill-conceived decisions.
• D)All of the above were identified as contributing issue

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Definitions:

Colonial Customs

Practices, behaviors, and traditions that were established and followed during the period of colonial rule in various countries.

Sugar Act

The Sugar Act of 1764 was a law enacted by the British Parliament raising duties on foreign refined sugar imported by the colonies, part of the events leading to the American Revolution.

Importation of Rum

The historical trade of rum, a distilled alcoholic beverage made from sugarcane byproducts, which was part of the triangular trade involving slaves, cash crops, and manufactured goods between the Americas, Africa, and Europe.

Smuggling

The illegal transport of objects, substances, information, or people, such as out of a house or buildings, into a prison, or across an international border, in violation of applicable laws or other regulations.