What Was the Most Significant Development to the Evolution of Business

question 24

Multiple Choice

What was the most significant development to the evolution of business circa 1910?

• A)Railroad integration
• B)Telegraph communication expansion
• C)Banking and accounting standard practices
• D)Mass-production technology
• E)Advent of steam technology in railroads and shipping

---

Definitions:

Consumer Groups

Organizations that advocate for the rights and interests of consumers by providing education, policy advocacy, and products or services testing.

Sales Tax

A tax imposed by a government on sales of goods and services, collected by the retailer and passed on to the government.

Tax System

The structured way in which taxes are imposed in a country, including the collection of taxes from individuals and businesses.

Progressive

Referring to a tax system in which the tax rate increases as the taxable amount increases, leading to higher earners paying a higher percentage of their income in taxes.