To Better Feed His Army, Napoleon Established a Technology Prize

question 106

Multiple Choice

To better feed his army, Napoleon established a technology prize that led to the development of canning in 1809. Napoleon required the inventor-Nicolas Francois Appert-to publish the method. Napoleon's reign as Emperor ended after his defeat at Waterloo, a defeat which might not have been so decisive had canned food not made its way to the enemies' mouths. By demanding Appert publish his method, what did Napoleon force Appert to give up?

• A) a monopoly
• B) consumer surplus
• C) deadweight loss
• D) economies of scale

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Net Income

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Capital Balances

The amount of money that owners have invested in a firm plus any retained earnings or minus any losses.

Income Ratio

A metric used to assess the profitability of a company, often calculated as net income divided by total revenues or sales.

Unlimited Life

An accounting concept referring to corporations that continue to exist irrespective of the status or continuity of their owners.