The Invention of the Steam Engine Ushered in the Following

question 69

Multiple Choice

The invention of the steam engine ushered in the following developments, except:

• A) Mass-production in industrial factories, for the first time
• B) Much easier and cheaper transportation of resources and products
• C) A sharp reduction in trade as many societies specialized
• D) Major population shifts, from farms to towns and cities

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Definitions:

Job-Order Costing System

An accounting method that assigns costs to specific batches or job orders, useful in custom or batch production environments.

Production Departments

Specific functional areas in a factory where distinct stages of production activities are carried out.

Forming Department

The Forming Department is a sector within a manufacturing process where raw materials are shaped or formed into parts for further assembly or production.

Predetermined Overhead Rate

A rate calculated before the accounting period begins, used to allocate manufacturing overhead costs to individual units of production based on a specific activity, such as machine hours or labor hours.