Henry Ford Is Noted in Business History for Introducing the Moving

question 15

Multiple Choice

Henry Ford is noted in business history for introducing the moving assembly line, which greatly reduced the cost of producing a car. Assembly lines first became common during the ______.

• A) relationship era
• B) marketing era
• C) Industrial Revolution
• D) production era

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Definitions:

Statement of Cash Flows

A Statement of Cash Flows is a financial report that shows how changes in balance sheet accounts and income affect cash and cash equivalents.

Profit and Loss

A financial statement that summarizes the revenues, costs, and expenses incurred during a specific period, indicating the net profit or loss.

Adjusted Trial Balance

A financial statement that displays all balances of accounts after adjusting entries have been made at the end of an accounting period, ensuring the ledger's accuracy.

Navigation Bar

A user interface element within websites and applications that provides links to the major sections of the website, facilitating easy access and browsing.