​The Use of Technology to Reduce Production Time, Increase Output

question 35

Multiple Choice

​The use of technology to reduce production time, increase output, and reduce costs began as early as the ______________.

• A) ​1920s
• B) ​1940s
• C) ​1960s
• D) ​1980s

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Definitions:

Division X

A specific unit, department, or branch of a company, often referred to by a placeholder name "X" for confidentiality or naming purposes.

Receiver Division

The unit within a company that receives goods or services from another segment of the company, often in a transfer pricing scenario.

Transfer Price

The price charged for goods or services transferred between departments or divisions of the same company or between affiliated companies.

Pump Division

The pump division within a company refers to the segment that specializes in the production and development of pump units and systems.