Who Is Responsible for Initiating the Now Common Practice of Manufacturing

question 105

Multiple Choice

Who is responsible for initiating the now common practice of manufacturing most products using standardized,interchangeable parts?

• A)Henri Fayol  
• B)Eli Whitney  
• C)Chester Barnard  
• D)Frederick Taylor

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Definitions:

Accrued Expenses

Expenses that have been incurred but not yet paid or recorded by the end of the accounting period.

Adjusting Entry

An accounting entry made at the end of an accounting period to record earnings or expenses that have occurred but are not yet entered in the accounts.

Asset Account

An account that shows the value of the assets a company controls, which can include cash, equipment, and real estate.