Which of the Following Did Not Occur During the Industrial

question 107

Multiple Choice

Which of the following did not occur during the Industrial Revolution?

• A)Worker productivity increased.
• B)Factories became larger.
• C)Direct supervision of labor decreased.
• D)Division of labor increased.
• E)Fewer stages of production were organized in the household.

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Definitions:

Implicit Interest Rate

An interest rate inferred from the cost of borrowing, or the return on investment, that is not explicitly stated.

AASB 16

The Australian Accounting Standards Board standard on leases, which outlines the principles for recognition, measurement, presentation, and disclosure of leases.

IFRS 16

The International Financial Reporting Standard dictating lease accounting, requiring lessees to recognize nearly all leases on the balance sheet.

Lease Agreements

Contracts that outline the terms under which one party agrees to rent property owned by another party.