Which of the Following Was a Consequence of the Development

question 48

Multiple Choice

Which of the following was a consequence of the development of limited-liability, joint-stock companies?

• A) The scale of industrial enterprises dramatically increased.
• B) Imperial expansion decreased.
• C) Employee ownership of corporations increased.
• D) The influence of individual financiers declined.

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Definitions:

Continuous-Process Plants

Factories where production materials are moved continuously through a series of steps or processes.

Mass Production

The manufacturing of large quantities of standardized products, often using assembly line technology and methods, to achieve economies of scale.

Continuous-Process Technology

A production method where goods are produced continuously through an uninterrupted flow, often used in chemical, oil, and food industries.

Small-Batch Production

A manufacturing technique that produces goods in small quantities, often tailored to specific customer needs or niches.