Which of the Following Most Hindered the Development of a National

question 29

Multiple Choice

Which of the following most hindered the development of a national railroad system?

• A) The absence of a national standard for track width
• B) The public's fear concerning the safety of rail travel
• C) The refusal of most financial institutions to grant loans for rail construction
• D) The cost of both buying land and hiring the number of workers necessary to lay track over rough terrain

Understand the duties and legal standing of promoters in corporate formation.

Grasp the concept of ultra vires acts and their significance in corporate operations.

Understand the implications of a corporation's citizenship and legal status.

Recognize the legal requirements and consequences regarding corporate bylaws, property, and liability.

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Definitions:

Centralized

A system or organization where decision-making and administrative processes are concentrated at a single point or center.

Economic Growth

An increase in the production of goods and services in an economy over a period of time, often measured as the percentage increase in real GDP.

Production Possibility Frontier

A graph showing all the highest production options for two or more products, considering a certain amount of resources.

Comparative Advantage

The ability of an entity to produce goods or services at a lower opportunity cost than others.