Henry Ford Is Best Known,perhaps,for the Introduction of the Assembly

question 16

Multiple Choice

Henry Ford is best known,perhaps,for the introduction of the assembly line and the Model T.As his manufacturing effort expanded,however,he also adopted an attitude that came to be known as Fordism and had as one of several central tenets the idea that workers should

• A) earn higher wages and work shorter hours.
• B) earn lower wages and work shorter hours.
• C) be drawn from a pool of immigrant labor.
• D) be willing to tolerate the grueling work of an assembly line without complaint.

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Definitions:

Period Costs

Expenses that are not directly tied to the production of goods and are expensed in the period in which they are incurred.

Average Costs

The cost per unit calculated by dividing the total cost of production by the number of units produced.

Variable Cost

Expenses that change in direct proportion to the amount of goods or services produced.

Fixed Cost

Expenses that do not change with the level of production or sales, such as rent, salaries, and loans.