In France the Need for New Taxes to Support the Hundred

question 48

Multiple Choice

In France the need for new taxes to support the Hundred Years' War against the English led to

• A)Parliament's increased role in government.
• B)a decline in Parliament's ability to impose new taxes.
• C)the monarchy's right to impose national taxes without consent of the Estates General.
• D)the right of the House of Commons to initiate all tax legislation.
• E)the levying of an annual poll tax.

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Definitions:

Indirect Material

Materials used in the production process but not directly traceable to a finished product, such as lubricants for machinery.

Operating Leverage

A measure of how revenue growth translates into growth in operating income, indicating the proportion of fixed versus variable costs a company has.

Safety Margin

The difference between the actual sales and the break-even point; it measures the amount by which sales can drop before a business incurs a loss.

Automated Firm

An enterprise that employs advanced technologies and systems such as artificial intelligence, robotics, and sophisticated software to minimize human intervention in its operations.