The Rapid Urbanization That Developed as a Result of Industrialization

question 55

Multiple Choice

The rapid urbanization that developed as a result of industrialization caused European cities to

• A) invest in major infrastructure projects such as building new sewage and water solutions and constructing massive housing blocks for industrial workers.
• B) begin expanding city parks and wilderness spaces to combat the industrial pollution and noise of the industrial city.
• C) become overcrowded and filthy, as the population expanded much more rapidly than the housing stock, and sanitation developed slowly.
• D) create official segregated spaces that kept the classes separate from one another, heightening the class distinctions that were beginning to develop.

Calculate and interpret days' sales in inventory.

Understand the impact of inventory valuation methods on gross profit and cost of goods sold.

Identify and correct inaccuracies in inventory valuation.

Assess the effect of costing method, inventory system, and other factors on inventory cost accounting.

---

Definitions:

Current Assets

Assets that are expected to be converted into cash, sold, or consumed within one year or within the operating cycle of the business, whichever is longer.

Credit Policy

Guidelines that a company follows to determine credit terms for customers, aiming to balance sales and the risk of bad debts.

Derived-Demand Inventory

Inventory levels that are influenced by the demand for the final goods or services produced by a company.

Auto Manufacturer

A company engaged in the designing, production, marketing, and selling of motor vehicles.