Which Improvement Most Dramatically Increased the Speed and Lowered the Expense

question 122

Multiple Choice

Which improvement most dramatically increased the speed and lowered the expense of commerce in the first half of the nineteenth century?

• A) The transcontinental railroad.
• B) Canals and steamboats.
• C) The factory system.
• D) A system of federally financed roads.
• E) The establishment of an efficient postal system.

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Definitions:

Perpetual EBIT

Illustrates a theoretical concept where a company's earnings before interest and taxes (EBIT) are assumed to continue indefinitely.

Unlevered Cost of Capital

The cost of capital for a company that has no debt, representing the risk of a firm's assets before the impact of financial leverage.