The System Developed by _______________,In Which Mass Production Is Tied

question 2

Multiple Choice

The system developed by _______________,in which mass production is tied to the cultivation of mass markets,is known as _______________.

• A) Henry ford; Taylorism
• B) Henry ford; fordism
• C) frederick Winslow Taylor; fordism
• D) frederick Winslow Taylor; scientific management
• E) Homer Winslow; Simpson management

---

Definitions:

Probability

The measure of the likelihood that an event will occur, expressed as a number between 0 and 1, where 1 indicates certainty.

Capital Budgeting

The process by which a business evaluates and selects long-term investments that are expected to yield returns over a period of time.

Risk Character

A term describing the unique attributes and level of risk associated with an investment or financial decision.

Abandonment Option

The abandonment option is a right, but not the obligation, to abandon an investment or project if it becomes unprofitable or risks exceed anticipated benefits.