Use the Excerpt from John Morrison's Testimony on the Impact

question 24

Multiple Choice

Use the excerpt from John Morrison's Testimony on the Impact of Mechanization, 1883, to answer the question.

• A) Mechanization reduced the connection between workers and their product.
• B) Mechanization increased the skills of a more specialized labor force.
• C) Mechanization required a more complex knowledge and set of skills from workers.
• D) Mechanization eliminated the need for foremen.

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Definitions:

Primary Users

Primary users are the main target audience or beneficiaries of a particular set of data or information, such as financial statements intended for investors or creditors.

Managerial Accounting

The act of compiling management documents and ledgers that deliver timely and exact financial and statistical insights necessary for managers to take immediate and near-future decisions.

Financial Accounting

The field of accounting focused on the preparation and reporting of financial statements to external users based on historical information.

Planning

The process of creating strategies and outlining tasks to achieve a specific goal.