Which of the Following Was True of the English Outwork

question 62

Multiple Choice

Which of the following was true of the English outwork textile industry that emerged around 1500?

• A) Landless peasants in small cottages spun and wove wool into cloth.
• B) The government aided workers by promoting wage increases.
• C) It enriched manufacturers' coffers and depleted the royal treasury.
• D) Its success slowed England's efforts to explore the Western Hemisphere.

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Definitions:

Ratio Analysis

A quantitative analysis of information contained in a company’s financial statements, used to evaluate performance, liquidity, profitability, and solvency.

Profitability Ratios

Ratios that measure the amount of operating income or net income an organization is able to generate relative to its assets, owners’ equity, and sales.