How Did Conservative Chinese Leaders React to the First Railroads

question 11

Multiple Choice

How did conservative Chinese leaders react to the first railroads built in China?

• A) They used the railroads to reinvigorate China's internal trade networks.
• B) They were worried that the railroads would change the relationship between people and nature, but recognized that they were necessary.
• C) They saw the railroads as a threat to Chinese social harmony and had them torn up.
• D) They sold concessions to operate the railroads to the British and Americans.

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Definitions:

Departmental Contribution Margin

The difference between sales revenue and variable costs for a specific department, indicating its contribution to the overall profit.

Contribution Margin

The amount remaining from sales revenue after variable costs are subtracted, indicating how much contributes towards covering fixed costs and generating profit.

Indirect Expenses

Costs that are not directly attributable to the production of goods or services, such as utilities, rent, and administrative expenses.

Net Income

The total profit of a company after all expenses, taxes, and costs have been subtracted from total revenue.