In the Context of the History of American Business, Which

question 119

Multiple Choice

In the context of the history of American business, which of the following was a result of rapid industrialization in America from the mid-1700s to the mid-1800s?

• A) Employment of skilled artisans who specialized in several tasks by factories
• B) Gain of personal pride in the production process
• C) Unprecedented production efficiency
• D) Increase in individual ownership of the production process

---

Definitions:

After-Tax Cost of Debt

After-Tax Cost of Debt represents the net cost of debt to a company after accounting for the tax deductions on interest expenses.

Yield-to-Maturity

The total return anticipated on a bond if the bond is held until it matures, considering all interest payments made over the life of the bond and the difference between the purchase price and the maturity value.

Marginal Tax Rate

The rate at which your last dollar of income is taxed, effectively the rate applied to each additional dollar of taxable income.

After-Tax Cost of Debt

The net cost of debt after taking into account the tax deductions available on interest payments.