What Was Considered New About Electricity's Applications in the Late

question 67

Multiple Choice

What was considered new about electricity's applications in the late nineteenth century?

• A) It powered industry in a cleaner fashion than coal.
• B) It could be transported over long distances.
• C) It provided a cheaper alternative to steam power.
• D) It permitted people to work later hours.
• E) It allowed cities to maintain control over the utility industry.

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Definitions:

Book-to-market Ratio

A valuation metric comparing the book value of a company to its market price.

Momentum

An investment strategy that involves buying securities that have had high returns over a certain period and selling those that have had poor returns, based on the belief that trends will continue.

Turnover

Turnover refers to the total volume of shares or securities traded within a particular timeframe or the rate at which inventory is sold and replaced in a business.

Fama-French Model

A three-factor model developed for explaining asset prices and their returns, incorporating market risk, the size effect, and the value effect.