What Impact Did Industrialization Have on the Families in the United

question 79

Multiple Choice

What impact did industrialization have on the families in the United States?

• A) It brought more production work into the household.
• B) It created an economy based on cash instead of domestic production.
• C) Small family businesses took the place of production for household use only.
• D) Women were able to earn as much or more than men for the first time.

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Definitions:

Interest Expense

The cost incurred by an entity for borrowed funds over a period of time.

Inventory Turnover Ratio

A measure of how often a company sells and replaces its stock of goods during a period, calculated as cost of goods sold divided by average inventory.

Gross Profit

The difference between revenue and the cost of goods sold before deducting overhead, payroll, taxation, and interest payments.

Net Sales

Revenue from goods or services sold minus returns, allowances, and discounts.