Which of the Following Indicates the New Strength and Prosperity

question 20

Multiple Choice

Which of the following indicates the new strength and prosperity of merchants and professionals in the Old Kingdom?

• A) increased participation in governing under the pharaoh
• B) building elaborate hunting lodges in the mountains
• C) challenging the pharaoh's role as shepherd of the people
• D) constructing tombs with representations of material goods the owners hoped to enjoy in the afterlife

Understand the importance of the minimum required rate of return in financial decision-making.

Calculate and interpret the turnover ratio.

Understand the benefits of decentralization on managerial performance and motivation.

Understand the concept of return on investment (ROI) and its calculation.

---

Definitions:

Equilibrium Price

The market price at which the quantity of goods supplied is equal to the quantity of goods demanded.

Close Substitute

A good or service that can easily replace another, fulfilling the same need or want, typically affecting consumer choice.

Equilibrium Price

The price at which the quantity of a good or service demanded by consumers is equal to the quantity supplied by producers, leading to market equilibrium.

Equilibrium Quantity

The quantity of goods or services supplied and the quantity demanded at which their price is stable, and there is no tendency for it to change unless external factors intervene.