James I of England Alienated Most of the Members of Parliament

question 103

Multiple Choice

James I of England alienated most of the members of Parliament by

• A) encouraging an alliance with Spain.
• B) insisting on his right to govern through Divine Right.
• C) persecuting Puritans.
• D) lavishly spending money on the English army.
• E) playing favorites.

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Definitions:

Wage Rate

The amount of compensation a worker receives per unit of time or per unit of output.

MRP

Material Requirements Planning is a system for planning production schedules and inventory needs.

Marginal Revenue Product

The additional income generated from using one more unit of a resource, used in economics to determine the optimal level of resource employment.

Profit-maximizing

A business strategy aimed at achieving the highest possible profit through adjusting production levels, pricing, or other operational methods.