The Term "Fordism

question 97

Multiple Choice

The term "Fordism"

• A) refers to Henry Ford's invention of the automobile.
• B) was used by labor unions, who hailed Ford's innovative approach.
• C) describes an economic system based on limited production of high-end goods.
• D) refers to Henry Ford's effort to organize workers into a union.
• E) describes an economic system based on mass production and mass consumption.

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Definitions:

Labour Content

The total amount of work or labor input required to complete a task or produce a good, often measured in labor hours.

Political Risk

The risk associated with political changes or instability in a country that can affect the operations and profitability of businesses.

Operations Manager

A professional responsible for overseeing, designing, and controlling the process of production and redesigning business operations in the production of goods or services.

Location Clustering

A method used in data analysis and geographic information systems (GIS) to identify areas where entities are concentrated.