A Noble in the Court of Louis XIV Was Unable

question 32

Multiple Choice

A noble in the court of Louis XIV was unable to build a power base away from court because

• A)he was obliged to remain at Versailles.
• B)he was completely loyal to Louis XIV.
• C)he had no political ambitions of his own.
• D)he had too little property to cause problems.
• E)his only concern was the glory of France.

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Definitions:

Working Capital

An indicator of a company's short-term financial health, calculated as current assets minus current liabilities.

Acid-test Ratio

A liquidity metric that measures a company's ability to pay off its current liabilities with its most liquid assets, without relying on the sale of inventory.

Times Interest

Likely refers to the "Times Interest Earned Ratio" or "Interest Coverage Ratio," which measures a company's ability to meet its interest obligations from earnings.

Debt-to-equity Ratio

A ratio that reflects the mix of debt and equity used to finance a company's assets.