The Following Questions Refer to the Image Below

question 37

Multiple Choice

The following questions refer to the image below.

North Wind Picture Archives / Alamy
-Work in the cotton mills of New England

• A) provided many women with financial independence for the first time.
• B) allowed women to broaden their search for husbands .
• C) gave women a trade they could take with them when they moved.
• D) paid less than doing piecework at home.

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Definitions:

Depreciation

Allocating the expense of a tangible asset over the period of its use, taking into account its deterioration or outdating.

Net Working Capital

The difference between a company's current assets and current liabilities, indicating the liquidity and short-term financial health of the business.

Fixed Assets

Enduring assets of a tangible nature employed in business activities, not intended to be liquidated or depleted over the course of a year.

EBIT

This earnings measure, known as Earnings Before Interest and Taxes, tallies a company's profit while omitting costs associated with interest and taxes.