The Principal Difference Between Direct Personal Control and Foreman's Control

question 36

Multiple Choice

The principal difference between direct personal control and foreman's control is

• A)in large companies, the hired foreman took the owner's place as supervisor.
• B)the foreman was elected by the workers.
• C)the foreman directed the apprenticeship program and selected the best trainees to hire.
• D)a foreman knew the production technology.
• E)the foreman was a more skilled worker.

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Definitions:

Convexity

A measure of the curvature or the degree of the curve in the relationship between bond prices and bond yields.

Basis Points

A unit of measure used in finance to describe the percentage change in the value or rate of a financial instrument; one basis point is equivalent to 0.01%.

Predicted New Price

An estimation of a security's future price based on various factors, including market trends, economic indicators, and company performance.

Big Picture

An overall or comprehensive view or perspective of a situation or problem.