Eli Whitney, in the ________, Provided the Foundations for ________

question 91

Multiple Choice

Eli Whitney, 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) 21st century; logistics

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Definitions:

Cash Ratio

A financial metric assessing a firm's capability to meet its current obligations using its available cash and near-cash assets.

Cash on Hand

The amount of cash a company or individual has accessible for immediate use, which might be in the form of currency or liquid assets.

Current Assets

Short-term assets including cash, inventory, and receivables that are anticipated to be used or liquidated within one business cycle.

Quick Ratio

A measure of a company's ability to meet its short-term obligations with its most liquid assets, excluding inventory.