On His First Voyage, Columbus

question 83

Multiple Choice

On his first voyage, Columbus

• A) explored a number of Caribbean islands.
• B) landed on the mainland of North America.
• C) realized he had discovered a new world.
• D) expressed his kind intentions toward the Indians.
• E) ensured that he would be wealthy for life.

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Definitions:

Gross Profit

A company's revenue minus its cost of goods sold, reflecting the initial profit figure before deducting operating expenses, interest, and taxes.

Non-controlling Interest

A share in a subsidiary company not owned by the parent company, indicating the portion of equity interest that is not directly controlled by the parent company.

Marketable Securities

Financial instruments that can be quickly converted into cash at a market price, such as stocks, bonds, or Treasury bills.

Comprehensive Income

Encompasses all changes in equity during a period, except those resulting from investments by owners and distributions to owners.