Identify the Following Statement That Is False

question 89

Multiple Choice

Identify the following statement that is false.

• A) Land was cheap in America; this helped fuel the immigration flux.
• B) Money for capital investment was not plentiful in pioneering America.
• C) Foreign capital was dependent upon security in property rights, sufficient infrastructure, an adequate work force, and political stability.
• D) Even though capital was lacking, raw materials were widely developed and discovered in America.
• E) The country had a difficult time producing goods of high quality and cheap cost to compete with mass-produced European products.

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Definitions:

Accounting Basis

The method by which revenues and expenses are recorded and recognized in financial statements, such as cash basis or accrual basis.

Rate of Return

The profit or deficit incurred on an investment during a designated time, shown as a fraction of the initial investment amount.

Net Income

The profit of a company after all expenses and taxes have been deducted from revenue.

Accounting Break-even

The point at which total revenues exactly equal total explicit costs, leading to neither a profit nor a loss.