Until the Advent of Public Schooling in America,many Advertisements Took

question 4

Multiple Choice

Until the advent of public schooling in America,many advertisements took the form of signs with symbols,such as a beer tankard indicating a tavern,because:

• A) most people were illiterate and could not read.
• B) the advertisers could not afford to produce sophisticated advertisements.
• C) there were laws prohibiting advertising in newspapers and handbills.
• D) the Church would not approve of any other form of advertising.
• E) such advertisements promoted puffery.

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Definitions:

Revenues

Revenues are the total amount of money generated by the sale of goods or services related to a company's primary operations.

Expenses

The costs incurred by a business in the process of earning revenue, such as rent, salaries, and utilities.

Statement Of Cash Flows

A financial statement that summarizes the amount of cash and cash equivalents entering and leaving a company, showing how well it manages its cash position.

Cash Balance

The amount of cash held in a company's bank account and on hand at any given time.