One of the Methods by Which Post-Civil War Business Leaders

question 58

Multiple Choice

One of the methods by which post-Civil War business leaders increased their profits was

• A) increased competition.
• B) supporting a centrally planned economy.
• C) funding research on new technologies.
• D) elimination of the tactic of vertical integration.
• E) elimination of as much competition as possible.

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Definitions:

Molding

The process of shaping a raw material using a rigid frame or model known as a mold.

Assembly

The process of putting together individual components or pieces to form a finished product.

Predetermined Overhead Rate

An estimated rate used to apply manufacturing overhead cost to jobs or products, based on a planned activity level and expected overhead costs.

Manufacturing Overhead

The indirect costs associated with manufacturing, such as utilities, maintenance, and salaries for management.