The English Bill of Rights

question 40

Multiple Choice

The English Bill of Rights

• A)laid the foundation for a constitutional monarchy.
• B)resolved all of England's seventeenth-century religious questions.
• C)reaffirmed the divine-right theory of kingship while limiting the king's power.
• D)confirmed the king's right to raise standing armies without parliamentary consent.
• E)stated that taxes could only be approved by the House of Lords, not the House of Commons.

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Definitions:

Time and Materials Pricing

A billing method where customers are charged based on the actual time spent on a project and the cost of materials used.

Salvage Value

The estimated residual value of an asset at the end of its useful life.

Book Value

The value of an asset as recorded on a company's balance sheet, calculated as the cost of an asset minus accumulated depreciation.

Variable Operating Costs

Costs that fluctuate with the level of production or sales volume, such as materials and labor.