Which Statement Is True About the Factory System in the Early

question 11

Multiple Choice

Which statement is true about the factory system in the early to mid-nineteenth century?

• A) Factories gathered large groups of workers under central supervision and replaced hand tools with power-driven machinery.
• B) Cincinnati was the first "factory town" in the United States.
• C) Factory work was mostly concentrated in the South.
• D) Factories provided more autonomy for workers than traditional craft production.
• E) Factories were mostly located in barren fields so that they wouldn't pollute towns or rivers.

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Definitions:

Economic Events

Events that have a financial impact on the business and are recorded in the accounting systems.

Financial Statements

Reports that systematically present the financial status and performance of an organization over a specific period.

Financial Flexibility

The ability of a company to adapt its financial policies and make decisions to ensure survival and growth.

Issuing Stock

This refers to the process by which a company sells new shares to investors in order to raise capital.