Which of the Following Statements Accurately Assesses the Significance of Wage

question 105

Multiple Choice

Which of the following statements accurately assesses the significance of wage labor in America during the Gilded Age?

• A) More and more Americans viewed wage labor as a temporary stop on the path to economic independence.
• B) The prevalence of servants in Gilded Age industries largely made traditional wage labor a thing of the past.
• C) Freedom and equality became more closely connected than ever before in American history.
• D) More and more Americans experienced wage labor as a permanent condition on the edge of poverty.
• E) The introduction of freelancing and independent contract work made wage labor increasingly irrelevant.

---

Definitions:

Financial Leverage

The use of borrowed funds to increase the potential return of an investment, which also increases the risk of loss.

Sensitivity of EPS

The degree to which a company's earnings per share (EPS) is affected by fluctuations in its operating income.

ROE

A measure of a corporation's profitability that reveals how much profit a company generates with the money shareholders have invested.

Target Capital Structure

The optimal mix of debt, preferred stock, and common equity that a company aims to maintain for financing its operations.