What Allowed Steam Engines to Be Located Away from Rivers

question 100

Multiple Choice

What allowed steam engines to be located away from rivers?

• A)They were small and hence portable.
• B)They could access water via irrigation channels.
• C)They ran on coal.
• D)They ran on oil.
• E)They ran on electricity.

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Definitions:

Required Return

The minimum expected return an investor views as acceptable for an investment, based on its risk level.

Depreciation Rate

The rate at which an asset loses its value over time, often used for tax and accounting purposes to spread the cost of an asset over its useful life.

Average Accounting Return (AAR)

This is a financial metric used to assess the profitability of an investment, calculated by dividing the average net income by the average investment.

Profit Margin

A financial metric expressed as a percentage, indicating the ratio of a company's profits to its total revenues.