In the Context of the History of American Business, Which

question 52

Multiple Choice

In the context of the history of American business, which of the following statements is true of the industrial revolution?

• A) Firms aimed at building long-term relationships with their customers.
• B) There was a loss of personal pride in the production process.
• C) Production efficiency was at its lowest.
• D) There was a creation of individual ownership in the production process.

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Definitions:

Seize

To take hold of suddenly and forcibly; in legal terms, it often refers to the act of taking property by authority of law.

Debtor's Property

Assets owned by a debtor that creditors might claim against to satisfy debts.

Social Constructionism

The theory that much of what we understand and know about the world is constructed through social processes and interactions.

Consensual Validation

The process by which people seek affirmation of their own beliefs, attitudes, and values from others who are similar.