Question

Defoe indicates that if it is too tedious to keep books exactly, partial book-keeping still provides many benefits to the merchant.

A TRUE
B FALSE

Answer 1

In a proprietary colony, the Proprietors have responsibilities beyond just collecting profits.

Step-by-step explanation:

The statement that the Proprietors have no responsibilities except to collect the profits in a proprietary colony is False. In a proprietary colony, the Proprietors not only collect the profits but also have responsibilities and control over the colony's governance. They are granted land and governing rights by the monarch, which includes establishing laws, appointing officials, and promoting economic development.