How Did Alexander Graham Bell's Telephone Revolutionize Both Communications and Business

question 21

Multiple Choice

How did Alexander Graham Bell's telephone revolutionize both communications and business in America?

• A) He had an instant monopoly on the communications market when he combined telephone and telegraph services in AT&T.
• B) He installed telephones in every office building in New York to facilitate communications between business and the stock exchange.
• C) He used a complicated organizational structure in his new company that allowed both local and cross-country communication.
• D) He sold the rights to his invention to John D.Rockefeller,who put it into national use.

---

Definitions:

Process Costing System

An accounting method used to allocate costs to units of production in continuous processes, suitable for homogenous products.

Work In Process Inventory

The direct materials costs, the direct labor costs, and the applied factory overhead costs that have entered into the manufacturing process but are associated with products that have not been finished.

Work In Process Inventory

The value of unfinished goods in the production process at a given point in time.

Conversion Costs

The combination of labor costs and overhead expenses involved in transforming materials into finished goods.