The Development of Interchangeable Parts by Eli Whitney and Simeon

question 5

Multiple Choice

The development of interchangeable parts by Eli Whitney and Simeon North allowed

• A) skilled labor to be replaced by unskilled labor.
• B) firms to better implement continuous-process manufacturing.
• C) producers to reduce production costs and increase supply.
• D) for easier and cheaper repair of damaged goods.
• E) All of the above.

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Definitions:

Future Economic Benefit

The potential to contribute directly or indirectly to the flow of cash and cash equivalents to an entity.

Common Characteristic

A property or attribute that is shared among all members of a category.

Asset

An economic resource owned or controlled by an individual or corporation, expected to provide future benefit.

Basic Assumption

Basic Assumption is a foundational principle that underlies or is assumed to be the basis of reasoning, actions, decisions, or theories.