The Increase in the Built Environment in Preindustrial Societies Contributed

question 63

Multiple Choice

The increase in the built environment in preindustrial societies contributed to a higher living standard, primarily because of

• A) centralization of power.
• B) specialization of labor.
• C) new ideology.
• D) improved communication.

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Definitions:

Bondholder

An investor who owns bonds issued by a corporation or government, entitling them to receive fixed interest payments.

Board Of Directors

A group of individuals elected by shareholders to oversee the management and governance of a corporation.

Convertible Bond

A type of bond issued by corporations that can be converted into a predetermined number of shares of the issuing company's stock at certain times during the bond's life, usually at the discretion of the bondholder.

Interest Payment

The payment made to a lender by a borrower for the privilege of borrowing money, typically part of the return on a loan or bond.