Which of the Following Statements Accurately Describes the "Task" System

question 61

Multiple Choice

Which of the following statements accurately describes the "task" system?

• A) It developed in New England among factory workers, especially child laborers.
• B) It allowed slaves time for leisure or to cultivate crops on their own if they completed daily jobs.
• C) It was not suited for rice plantations, only small farms.
• D) It was an organizational tool primarily used by merchants to keep track of their many responsibilities.
• E) It required no supervision because of the isolated aspect of the work involved.

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Definitions:

Factoring

A financial transaction where a business sells its accounts receivable to a third party at a discount for immediate cash.

Short-Term Financial Plan

A strategic plan that outlines a company's financial activities and strategies for a short period, typically one year or less, to ensure liquidity and manage cash flows efficiently.

Loan Period

The duration of time from the beginning of a loan until it is fully repaid.