The Invention of Movable-Type Printing and the Printing Press Made

question 52

Multiple Choice

The invention of movable-type printing and the printing press made possible the:

• A) creation of a bureaucratic class in the major European countries.
• B) founding of universities,not possible prior to printed books.
• C) start of the entirely new business of bookstores.
• D) Protestant Reformation in the following century.
• E) rise of the modern nation-state.

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Definitions:

Profit Graph

A visual representation of how a company’s profits change at different levels of sales volume or production output.

Contribution Margin Ratio

The percentage of sales revenue that exceeds variable costs, indicating how much earnings are available to cover fixed expenses and generate profit.

Fixed Expenses

Recurring costs that do not vary with the level of production or sales over a short period, such as rent or salaries.

Variable Cost

Costs that change in proportion to the level of production or sales volume, such as raw materials and direct labor.