Which of the Following Are Features of the National State

question 28

Multiple Choice

Which of the following are features of the national state that developed in the West from the thirteenth to the seventeenth century?

• A) The state had people who could imagine themselves as part of a community.
• B) The state encouraged commerce and industry.
• C) The state harnessed the power of its nobility.
• D) The state became an entity inherited from generation to generation.
• E) all of the above

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Definitions:

Stockholders' Equity

Equity of shareholders refers to the ownership interest in a company, calculated as the difference between the company's total assets and total liabilities.

Revenues

The income generated from normal business operations and other activities over a period of time.

Cost Flow Assumption

An accounting principle that determines the method used to assign costs to inventory and to goods sold.

Gross Profit

The gap between income and the expense of products sold, reflecting a company's ability to efficiently handle its workforce and materials during manufacturing.