​All of the Following Are True of Louis XIV's Reign

question 22

Multiple Choice

​All of the following are true of Louis XIV's reign except

• A) ​the nobility enjoyed prestige but little power
• B) ​the monarch gained more power
• C) ​the policies of Cardinal Richelieu were rejected in favor of greater liberality
• D) ​The Palace of Versailles became the center of royal life
• E) ​the Edict of Nantes was revoked

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Account Payable

An account payable is a liability representing an amount owed by an entity to a supplier or creditor for goods or services received but not yet paid for.

Return on Assets Ratio

The Return on Assets Ratio measures a company's ability to generate earnings from its assets, calculated by dividing net income by the average total assets.

Interest Expense

The cost incurred by an entity for borrowed funds, reflecting the interest payments due on any type of debt.

Return on Assets Ratio

A financial metric used to evaluate a company's profitability relative to its total assets.