The Modern Factory Which Emerged with the Industrial Revolution Was

question 13

Multiple Choice

The modern factory which emerged with the industrial revolution was a change to the organisation of work for all of the following reasons EXCEPT:

• A)A more efficient organisation of work was encouraged
• B)The slow removal of artisans from the workplace commenced at this point
• C)Religious values were incorporated into the workplace
• D)Work was centralised,as was the workforce

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Definitions:

Cash Shortages

Instances when the actual cash available is less than the amount expected or needed.

Cash Overages

Excess of actual cash received over the expected amount, often caused by either errors in transactions or more sales than recorded.

Cash Discounts

Incentives offered by sellers to encourage buyers to pay their bills quickly, usually expressed as a percentage of the invoice amount if paid within a specific period.

Internal Controls

Processes put in place by management to ensure reliability of financial reporting, effective and efficient operations, and compliance with laws and regulations.