By the 1850s, a Communications Revolution Had Been Triggered by the Development

question 12

Multiple Choice

By the 1850s, a communications revolution had been triggered by the development of the

• A) telephone.
• B) telegraph.
• C) Pony Express.
• D) railroad.
• E) post office.

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Net Worth

The total assets minus total liabilities of an individual or company, indicating the financial health or value of the entity.

Working Capital

The difference between a company's current assets and current liabilities, indicating the liquidity available to run its operations.

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Adherence to the terms and conditions specified in a debt agreement, often including financial ratios or requirements that borrowers must meet.

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The standardized rules and guidelines under which financial statements are prepared, widely known as Generally Accepted Accounting Principles (GAAP).