Why Were the Industrial Revolution's New Processes Slow to Spread

question 1

Multiple Choice

Why were the Industrial Revolution's new processes slow to spread from England to other countries?

• A)The breakdown diffusion of innovations, which kept new ideas and techniques from spreading .
• B)England treating industrial techniques as state secrets to protect their technological knowledge.
• C)The relative ignorance of non-English peoples when it came to mechanical devices.
• D)The fear of steam and its potential for dangerous scalding of human skin.
• E)England failed to understand the magnitude of the Industrial Revolution so the information was not communicated.

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Definitions:

Straight-Line Method

A method of allocating the cost of a tangible asset over its useful life in equal periodic amounts.

Straight-Line Depreciation

A method of allocating the cost of a tangible asset over its useful life in equal annual amounts, making it the simplest form of depreciation.

Residual Value

The projected worth of an asset upon reaching the conclusion of its operational lifespan.

Impaired Goodwill

A situation where the value of goodwill on the balance sheet exceeds its fair value, indicating that it has lost some or all of its value.