According to Karl Marx,the Growth of Factory Work Accompanying the Industrial

question 37

Multiple Choice

According to Karl Marx,the growth of factory work accompanying the industrial revolution contributed to the creation of a class society:

• A)by contributing to the rapid growth of cities,with their large population of aristocrats
• B)by creating a microcosm of a class society within the hierarchy of factory management
• C)by dividing society into people who owned the factories,and people required to provide cheap labor
• D)by encouraging the growth of materialism and consumption
• E)none of these choices

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Definitions:

Contributed Surplus

The excess amount paid by investors over the par value of shares, recorded in the shareholders' equity section of the balance sheet.

Retained Earnings

The amount of net earnings not distributed to shareholders as dividends but reinvested in the business or kept as reserves.

Accumulated Other Comprehensive Income

A component of shareholders' equity on the balance sheet, representing gains and losses not reflected in net income, such as foreign currency items, unrealized gains/losses on certain investments, and pension plan adjustments.

Retractable Preferred Shares

Preferred shares that give the holder the right to require the issuer to repurchase the shares at predetermined conditions.