The Role of European Diseases in the Depopulation of the "New

question 33

Multiple Choice

The role of European diseases in the depopulation of the "New World" was __________.

• A)relatively unimportant compared to other causes
• B)significant
• C)far less important than the effect of "New World" diseases on the colonizers
• D)of unknown dimensions since we have absolutely no data
• E)none of the above: the "New World" was already experiencing substantial population decline before the arrival of the Europeans

Understand the components and classifications of costs in manufacturing and service environments.

Differentiate between various types of costs (variable, fixed, direct, indirect, period, and product costs).

Recognize the importance and ethical requirements of managerial accountants as outlined by professional standards.

Understand the inventory account types and valuation methods within a manufacturing company.

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Definitions:

Dividend Reinvestment Plans

Investment plans that allow shareholders to automatically reinvest their cash dividends in additional shares of the company's stock, usually without commission.

Strict Residual Dividend Policy

A dividend policy in which dividends are based on the earnings left over after all operating expenses, taxes, and project investments are covered.

Dividend Payout Ratio

The percentage of earnings paid to shareholders in dividends, calculated as dividends per share divided by earnings per share.

Clientele Effect

The attraction of companies with specific dividend policies to those investors whose needs are best served by those policies. Thus, companies with high dividends will have a clientele of investors with low marginal tax rates and strong desires for current income. Similarly, companies with low dividends will attract a clientele with little need for current income and who often have high marginal tax rates.