As Suggested by Some Commentators, How Did Big Business Enable

question 58

Multiple Choice

As suggested by some commentators, how did big business enable individual freedom in the 1950s?

• A) Big business successfully lobbied for higher tariffs on consumer goods, which increased profits and drove American wages up.
• B) With large-scale production of goods came the freedom for individuals to choose among many items.
• C) Corporations in the 1950s offered a range of benefits to employees that freed them from economic uncertainty.
• D) The repeal of New Deal regulatory controls on investment banking allowed individual Americans to put their money into the stock market without restriction.
• E) Big business made more luxury items affordable for the average American.

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Definitions:

Goodwill

An intangible asset representing the excess value of a purchased company over the fair market value of its identifiable tangible and intangible assets.

Consideration Transferred

The total value of all assets, liabilities, and equity interests given to acquire control of an entity.

Consolidated Revenues

The total revenue generated by a corporation and its subsidiaries, reported as one amount in the consolidated financial statements.