What Was the Outcome of the Shift Toward Repetitive Assembly-Line

question 16

Multiple Choice

What was the outcome of the shift toward repetitive assembly-line work and specialized management divisions in the 1920s?

• A) Lower enrollment in college and university managerial training programs
• B) A worsening of safety and sanitary conditions in American factories
• C) Massive layoffs of American workers in all heavy industries
• D) A tremendous increase in business productivity and overall efficiency

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Definitions:

Functional Currency

The money type utilized in the financial statements of a business, which is from the main economic setting where the business functions.

Local Currency

The currency of the country in which the foreign operation is based.

Spot Exchange Rate

The exchange rate at a point of time for immediate delivery of the currency in an exchange.

Presentation Currency

The currency in which a company's financial statements are presented, typically the national currency of the country where the company is headquartered.