The First Instance of the Corporate Organization of a Manufacturing

question 11

Multiple Choice

The first instance of the corporate organization of a manufacturing enterprise in the United States occurred in

• A)1743
• B)1813
• C)1867
• D)1911

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Definitions:

Factory Overhead Cost Budget

An estimate of expected factory overhead costs for a specific period, used for planning and controlling manufacturing expenses.

Total Variable Cost

The sum of all costs that vary directly with the level of production, including materials, labor, and other expenses that increase with greater output.

Fixed Costs

Costs that remain constant regardless of the amount of goods produced or sold, including expenses like leases, wages, and insurance coverage.

Goal Conflict

A condition that occurs when individual objectives conflict with organizational objectives.