Which of the Following Was a Major Consequence of the Renaissance

question 6

Multiple Choice

Which of the following was a major consequence of the Renaissance?

• A) Peasants revolted against the feudal order in Western Europe.
• B) The church regained much of the power it lost in the aftermath of the Black Death.
• C) Italian ruling elites created city-states based on Athenian models of democracy.
• D) A network that consisted of independent,educated people-and those who were not totally reliant on either the state or the church-developed.

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Definitions:

Reporting Entity

is an entity for which there are users who rely on its financial statements to make economic decisions.

Economic Activity

Actions that involve the production, distribution, and consumption of goods and services within an economy.

Group Structure

The organization of a set of entities under common ownership or control, typically presented through a hierarchy that outlines the relationship between parent companies and subsidiaries.

Separate Financial Statements

Financial statements prepared for an individual company, as opposed to consolidated financial statements which combine the financials of the parent company and its subsidiaries.