Besides Inventing the Cotton Gin, What Did Eli Whitney Do

question 48

Multiple Choice

Besides inventing the cotton gin, what did Eli Whitney do that benefited American manufacturing?

• A) He developed railroad ties that were capable of supporting heavy weight.
• B) He showed how water could be used to power textile mills.
• C) He introduced the concept of interchangeable parts
• D) He marketed American manufacturing products in Europe
• E) He invented a heating process that removed impurities from iron.

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Definitions:

Profit Margin

A financial metric indicating the percentage of revenue that exceeds the cost of goods sold, showcasing efficiency in managing expenses versus income.

Growth Determinant

Factors that contribute to the economic expansion of a country, region, or industry, impacting productivity and development.

Cash Coverage Ratio

Cash coverage ratio is a financial metric that measures a company’s ability to pay its debt obligations with its operating cash flow.

Times Interest Earned

A financial ratio that measures a company's ability to cover its interest expenses with its earnings before interest and taxes.