The Events That Led to the Revolutionary War Were Triggered

question 16

Multiple Choice

The events that led to the Revolutionary War were triggered by which of the following?

• A) The British raised revenue by increasing the tax rate of the colonies.
• B) The British had established suspicious alliances with Indian tribes during the French and Indian Wars.
• C) American separatists assassinated King George II.
• D) Protestant fundamentalists in New England were attempting to establish a theocracy.
• E) The British were attempting to end slavery in the colonies.

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Definitions:

Sunk Cost

Costs that have already been incurred and cannot be recovered or altered, and should not affect future business decisions.

Relevant Cost

Costs that will be affected by a decision in the future and therefore should be considered in decision-making processes.

Sell or Process Further

A decision-making process used in managerial accounting to determine whether it is more profitable to sell a product as is or process it further.

Incremental Revenue

The additional revenue generated from a new business action or decision, beyond the existing revenue stream.