Henry Ford's Most Distinctive Contribution to the Automobile Industry Was

question 89

Multiple Choice

Henry Ford's most distinctive contribution to the automobile industry was

• A) installment credit buying of cars.
• B) the internal combustion engine.
• C) introducing a variety of automobile models with varied colors and styles.
• D) design changes that improved speed.
• E) production of a standardized, relatively inexpensive automobile.

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Definitions:

Quantitative Management

An approach to management that focuses on statistical and mathematical models to solve business problems and make decisions.

Mathematical Techniques

Methods or procedures derived from mathematical principles used to solve problems or analyze data.

Human Resource

The department within an organization that deals with the recruitment, management, and development of employees.

Inventory Analysis

The examination and evaluation of stock to ensure efficient management and optimization of resources.