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

question 12

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) 1890s; queuing theory

---

Definitions:

Net Financial Assets

The difference between a person's or entity's total financial assets and total financial liabilities.

Security

Financial instruments or assets held to back debts or investments, or as a means to ensure the fulfillment of financial obligations.

Insurance Contract

A legally binding agreement between an insurer and the insured, detailing the terms for the payment of claims under certain conditions.

Securities Act

A law or legislation that regulates the issuance and sale of securities to protect investors against misrepresentation, deceit, and other frauds.