Improvements in the Railway System Meant That ________

question 30

Multiple Choice

Improvements in the railway system meant that ________.

• A)consumer goods garnered a higher share of investment dollars over capital goods
• B)ships made of iron were no longer needed
• C)the working class had greater purchasing power
• D)there was a shortage of consumer goods at affordable prices

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Definitions:

Obsolescence

The process of losing value or utility, often due to technological advancements, changes in consumer preferences, or wear and tear.

Quality of Receivables

An assessment of the likelihood that the amounts owed to a business by its debtors will be collected.

Likelihood of Collection

An assessment of the probability that accounts receivable or other debts will be successfully collected from debtors.

Factoring Fee

A charge assessed by a factoring company for providing cash advances to businesses by purchasing their accounts receivable at a discount.