Stairs Are Essential in Any Building with Two or More

question 27

Essay

Stairs are essential in any building with two or more stories. They serve two important functions: (i)transport people between stories and (ii)serve as fire escape stairs. However, because of a stair's rhythmic form, the stairs were historically designed as an aesthetic element in entrance foyers of many buildings. The entrance foyers of contemporary buildings do not include any stairs. What is the reason for this change?

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Definitions:

Investment Tax Credit

A tax credit offered to entities to encourage investment in certain assets, offering a reduction in tax liability.

Total Assets Ratio

A financial metric comparing the total assets of a company to another financial measure, used to evaluate the company's financial health.

Tax Deductions

Expenses that can be deducted from adjusted gross income to reduce the amount of taxable income.

Off-Balance-Sheet Financing

Financial obligations not recorded on the balance sheet, often used to keep debt-to-equity ratios low.