With the Development of Mass Transportation in the Later Nineteenth

question 72

Multiple Choice

With the development of mass transportation in the later nineteenth century in large European cities

• A) workers tended to remain in the city center, while the wealthy moved into the outskirts.
• B) new working class neighborhoods began to ring many cities.
• C) city centers became strictly business districts as residents left for the suburbs.
• D) the possibilities for worker insurrection were improved.
• E) the quality of urban life actually deteriorated.

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Definitions:

Average Rate of Return Method

A technique used in capital budgeting to estimate the profitability of potential investments.

Consideration

Something of value given by both parties to a contract that induces them to enter into the agreement to exchange mutual performances.

Time Value

The concept that money available at the present time is worth more than the same amount in the future due to its potential earning capacity.

Present Value Amount

The current value of a future sum of money or stream of cash flows, given a specified rate of return.