In the Early Twentieth Century, Which of the Following US

question 33

Multiple Choice

In the early twentieth century, which of the following US industries were dominated by trusts?

• A)Banking, shipping, and publishing
• B)Steel, railroads, and banking
• C)Publishing, steel, and oil
• D)Oil, banking, and agriculture

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Definitions:

Manufacturing Process

The manufacturing process involves the steps, operations, and stages companies use to convert raw materials into finished goods through machinery, labor, and other resources.

Direct Labor Cost

Expenses that are directly attributed to the production of goods or services, including wages of workers.

Manufacturing Process

A series of steps or operations to transform raw materials into finished products.

Wages

Payment given to workers for their work or services, often determined by the hour, day, or per piece completed.