Fully One and a Half Centuries After Industrialization Began in Great

question 15

Multiple Choice

Fully one and a half centuries after industrialization began in Great Britain,the largest single occupational category was that of __________ workers.

• A)iron
• B)agricultural
• C)railroad
• D)textile
• E)office

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Definitions:

Journal

An accounting record where all transactions are initially recorded using the double-entry bookkeeping system before they are transferred to accounts in the general ledger.

Debt Ratio

A financial ratio that measures the extent of a company’s leverage, calculated by dividing total liabilities by total assets.

Liabilities

Financial obligations a company owes to external parties, including loans, accounts payable, and mortgages.

Total Assets

The sum of all current and non-current assets owned by a company, reflecting the company’s total resources.