Which of the Following Was a Contributor the Poor Working

question 48

Multiple Choice

Which of the following was a contributor the poor working conditions during the Industrial Revolution?

• A) The rapid growth in the Canadian economy, which spurred demand for more workers.
• B) The Hawthorne studies, which indicated that many factories had poor lighting.
• C) Rapid advances in machinery, which required educated and skilled workers.
• D) A small labour supply, which meant workers performed multiple jobs.

---

Definitions:

Effective Rate

An adjustment of the nominal interest rate on a loan or financial product to reflect an annual compound interest rate, with payments made at the end of the period.

Periodic Rate

The rate of interest charged or earned over a shorter, specified interval of time, often related to the compounding period.

Compounded Monthly

Refers to interest on a loan or investment calculated monthly, adding to the principal sum so that each successive calculation includes the previous month's interest.

Semiannually Compounded

Interest on an investment or loan calculated twice a year.