As Large-Scale Production Became More Profitable During the Industrial Revolution

question 164

Multiple Choice

As large-scale production became more profitable during the Industrial Revolution, the easiest way to finance the required factories and heavy machinery was

• A)sole proprietorships
• B)limited liability partnerships
• C)letting government take over
• D)the corporate structure
• E)family businesses

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Definitions:

External Locus

The belief that one's successes or failures result from external factors beyond their control, as opposed to internal factors like effort and decision-making.

Fate

A predetermined course of events often considered to be beyond human control.

Sensation Seeking

A personality trait characterized by the search for experiences and feelings that are varied, novel, complex, and intense, and by the readiness to take physical, social, legal, and financial risks for the sake of such experiences.

Decline With Age

Refers to the natural decrease in physical, cognitive, and functional abilities as individuals become older.