Which of the Following Was Not a Factor That Gave

question 41

Multiple Choice

Which of the following was not a factor that gave Britain an advantage in industrial development?

• A)Because British workers tended to be highly skilled, British entrepreneurs searched for laborsaving devices.
• B)The British had developed an effective banking system.
• C)Britain possessed the necessary raw materials, coal and iron, in abundance and in close proximity to each other.
• D)Britain was unified religiously under the Church of England, which preached that wealth was a sign of election.
• E)English workers had more discretionary income to spend on manufactured goods.

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Definitions:

Full IFRS

The complete set of International Financial Reporting Standards that are globally accepted guidelines for preparing financial statements.

Private Company

A business entity owned by private individuals or entities and not traded publicly on the stock exchange, often characterized by closely held ownership.

Debt Financing

The method of raising capital through borrowing, typically by issuing bonds or taking out loans, which obligates the borrower to repay the borrowed amount plus interest.

No Debt

A situation where an individual or entity does not owe any financial obligations to external parties.