Which of the Following Was True of Standard Oil in the 1890s

question 31

Multiple Choice

Which of the following was true of Standard Oil in the 1890s?

• A) It was not as strong as it had been in the 1880s.
• B) It controlled more than 90 percent of the oil business.
• C) It had cut its workforce to 50,000 people.
• D) It was broken up into a number of smaller companies by the federal government.

Understand the basic characteristics and classifications of bonds.

Comprehend the concept of yield to maturity and its calculation.

Understand the taxation and accounting treatment of bond interest and principal repayment.

Recognize the types and functions of bond issues (registered, bearer, etc.).

---

Definitions:

Average Fixed Cost

The fixed costs (costs that do not change with the level of output) of production divided by the quantity of output produced, decreasing as production increases.

Total Cost

The full price of producing goods, encompassing both stable and changeable expenses.

Eyeglasses

Corrective or protective devices worn on the eyes, consisting of lenses mounted in a frame, to improve vision or protect the eyes from damage or light.

Average Variable Cost

The variable cost per unit of output, calculated by dividing total variable costs by the total output.