The Industrial Giants That Appeared in the Second Half of the Nineteenth

question 14

Multiple Choice

The industrial giants that appeared in the second half of the nineteenth century

• A) often were alliances of boards of directors, professional managers, and financiers allied with banks.
• B) operated far-flung empires of enormous mechanized factories.
• C) usually employed unskilled, low-paid labor.
• D) financed and utilized scientific advances.
• E) all of the above

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Definitions:

Legal Entity

A legal entity is an organization that has legal rights and obligations, including the ability to enter into contracts and loans, sue and be sued, and is required to pay taxes.

Authorized Stock

The upper limit of shares a corporation is allowed to issue, according to its founding documents.

Par Value

The nominal or face value of a stock or bond, as stated by the issuing company.

Common Stock

A type of security that represents ownership in a corporation, entitling the holder to vote on corporate matters and receive dividends.