Part of the Decrease in Real Wages During the Civil

question 1

Multiple Choice

Part of the decrease in real wages during the Civil War was due to deteriorating productivity because of ___.

• A) the inability of firms to replace machinery.
• B) the need to use inexperienced workers.
• C) the decline in coal production.
• D) excessive days lost due to strikes.

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Definitions:

Goodwill

An intangible asset that arises when a business is acquired for more than the fair value of its identifiable net assets.

Intangible Assets

Non-physical assets that have value due to their intellectual or contractual rights, such as patents, trademarks, copyrights, and goodwill.

Company Reputation

The public perception of a company, influenced by its actions, reliability, product quality, and ethics.

Cost of Land

The price paid for a piece of land, including purchase price, closing costs, and any improvements necessary to make the land usable.