According to the Chapter, What Was Not One of the Five

question 25

Multiple Choice

According to the chapter, what was not one of the five major innovations that spurred industrialization?

• A) Electricity
• B) The steam engine
• C) The division of labor
• D) Increased production of iron
• E) all of the above

---

Definitions:

Invoice

A document issued by a seller to a buyer that lists the products or services sold, their quantities, and the prices charged.

Supplier

A supplier is an entity or person that provides products or services to another business, often a key component in the supply chain of manufacturing and retail operations.

Operating Expenses

Costs associated with the day-to-day operations of a business, excluding costs of goods sold, such as rent, salaries, and utilities.

Sales Discounts

Price reductions offered by sellers to encourage prompt payment by buyers.