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A Series of Events and Conditions Existed in the Old

question 18

Essay

A series of events and conditions existed in the Old World at the dawn of the fifteenth century that made New World exploration not only possible but also desirable.Identify these events and conditions and explain how each helped set the stage for exploration.


Definitions:

Cost of Goods Sold

Costs directly related to the manufacturing of goods a company sells, which cover materials and workforce expenses.

Finished Goods Inventory

The stock of completed products that are ready to be sold but have not yet been sold.

Raw Materials Inventory

The total cost of all components and materials that a company has in stock and that are to be used in the production process.

Manufacturing Overhead Applied

The allocation of estimated manufacturing overhead costs to individual units of production.

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