Thomas Edison Was Able to Create His Inventions Due To

question 30

Multiple Choice

Thomas Edison was able to create his inventions due to:

• A)his personal genius and commitment
• B)the work of expensive team efforts
• C)the support of large corporations such as General Electric
• D)federal government support
• E)his personal genius and commitment combined with expensive team efforts

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Definitions:

U.S.GAAP

The set of accounting principles and standards used in the United States to govern the preparation of financial statements by publicly traded companies, focusing on transparency, consistency, and comparability.

Ascending Order of Liquidity

A financial classification method where assets are listed from the least liquid to the most liquid, typically starting with long-term investments and ending with cash.

Inventories

Items held by a company for the purpose of sale in the ordinary course of business, work in process, or materials to be consumed in the production process.

Historical Cost

The original monetary value of an asset or investment at the time it was acquired or made.