The Industrial Revolution Changed the Mode of Production from Small

question 10

Multiple Choice

The Industrial Revolution changed the mode of production from small workshops to big factories.In the process,many craftsmen lost their jobs and reacted by attacking factories and breaking machinery.In Great Britain,those people were known as

• A)common criminals.
• B)saboteurs.
• C)wreckers.
• D)Luddites.
• E)union thugs.

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Definitions:

Net Income

The total profit of a company after all expenses and taxes have been subtracted from total revenue.

Common Shares

Equity ownership units in a corporation, entitling holders to voting rights and dividends.

Share Capital

Share capital refers to the funds raised by a company through the issuance of shares, which represent ownership interests in the company.

IFRS

International Financial Reporting Standards, a set of accounting guidelines that provide the basis for financial reporting across many countries globally.