Walter Shewhart, in the ________, Provided the Foundations for ________

question 73

Multiple Choice

Walter Shewhart, in the ________, provided the foundations for ________ in operations management.

• A) 1920s; statistical sampling
• B) United Kingdom; mass production
• C) U.S. Army; logistics
• D) nineteenth century; interchangeable parts
• E) 1900s; queuing theory

---

Definitions:

Common Stock

A type of equity security that represents ownership in a corporation, with voting rights and the potential to receive dividends.

Gain or Loss

The financial result that occurs when the selling price of an asset differs from its carrying amount on the books.

Equity Method

An accounting technique used to record investments in associate companies, recognizing the investor's share of the investee's profits or losses.

Investee's Net Income

The portion of profit or income earned by a company in which another company has invested.