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

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Definitions:

Net Operating Income

A measure of a company's profitability excluding interest and tax expenses.

Operating Income

This is the profit realized from a business's operations, calculated by subtracting operating expenses from gross profit.

Total Contribution Margin

The difference between total sales revenue and total variable costs, indicating the amount available to cover fixed expenses and generate profit.

Operating Leverage

A measure of how sensitive net operating income is to a given percentage change in revenue, indicating the proportion of fixed versus variable costs.