Which of the Following Describes the Significance of the Glorious

question 56

Multiple Choice

Which of the following describes the significance of the Glorious Revolution of 1688 in England and America?

• A) It had little impact on either England or North America apart from overthrowing James II.
• B) The event led to a period of lax British rule of its American colonies,with few new laws or taxes.
• C) It created democratic governments in Massachusetts,New York,and Maryland,but not in England.
• D) The change represented a major step toward democracy in both England and the North American colonies.

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Definitions:

Sales Transaction

An exchange involving the selling of goods or services from a seller to a buyer for a payment.

Revenue Recognition

Revenue recognition is the accounting principle dictating the specific conditions under which revenue is recognized and recorded, ensuring it accurately reflects business transactions.

Consignment-in

Goods held for sale by one party although ownership is retained by another party.

Commissions Earned

Income received by salespersons, brokers, or agents based on sales or transactions completed.