What Was the Significance of the Events at the Triangle

question 7

Multiple Choice

What was the significance of the events at the Triangle Shirtwaist Company in 1911?

• A) A strike resulted in the intervention of federal troops, representing the eagerness of the government to improve conditions.
• B) The factory popularized the idea of scientific management principles because within one year of adopting them, its output had tripled.
• C) It took the death of workers as a result of a tragic fire there to result in meaningful government regulation of dangerous workplaces.
• D) The labor force was comprised almost entirely of American-born workers willing to work for low wages, which convinced similar companies to hire fewer immigrant workers.
• E) The daily experiences of the workers there became the subject of Upton Sinclair's influential book The Jungle in which he interviewed textile sweatshop owners.

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Definitions:

Departmental Overhead Rate

The rate at which indirect production costs are allocated to specific departments within a manufacturing process.

Plantwide Overhead Rate

A single overhead absorption rate used throughout an entire manufacturing plant.

Overhead Allocations

The process of assigning indirect costs to different cost objects such as products, services, or departments.

Activity-based Costing

A costing methodology that assigns indirect costs to products or services based on the activities that drive those costs, aimed at providing more accurate product costing.