In Describing the Impact of Industrialization After 1890, Which of the Following

question 34

Multiple Choice

In describing the impact of industrialization after 1890, which of the following statements is NOT true?

• A) The shift from hand to machine production accelerated.
• B) The standard of living for most workers actually dropped.
• C) Unions were successful as more workers became concentrated in industrial centers.
• D) Early laws at urban development and sanitation aimed at improving living conditions.
• E) More women were forced out of the factories.

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Definitions:

Extraordinary Gain

Profits that arise from events that are unusual, infrequent, and not expected to recur in the foreseeable future.

Accounting Principles

Guidelines and rules that govern the process of reporting financial information and preparing financial statements.

Deferred Tax Asset

An item on a company's balance sheet that is used to decrease future tax liability due to temporary timing differences in income recognition.

Warranty Costs

Expenses incurred by a company for repairing, replacing, or refunding products that have failed within the warranty period.