Which of the Following Statements Is TRUE

question 51

Multiple Choice

Which of the following statements is TRUE?

• A) The person most responsible for initiating the use of interchangeable parts in manufacturing was Eli Whitney.
• B) The origins of management by exception are generally credited to Frederick W. Taylor.
• C) The person most responsible for initiating the use of interchangeable parts in manufacturing was Walter Shewhart.
• D) The origins of the scientific management movement are generally credited to Henry Ford.
• E) The person most responsible for initiating the use of interchangeable parts in manufacturing was Henry Ford.

Acknowledge the importance of labor market trends, technological changes, and globalization in strategic HR planning.

Understand the concepts and objectives of a SWOT analysis including internal and external analyses.

Comprehend the importance and methods of environmental scanning in strategic planning.

Recognize the role and impact of stakeholders in an organization.

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Definitions:

Credit Side

The right side of an accounting ledger where credits are recorded, often indicating a decrease in assets or an increase in liability or equity.

Debit Side

The Debit Side of an account records increases in assets or expenses and decreases in liabilities, equity, and income in double-entry bookkeeping.

Rules Of Debit

Rules governing the increase or decrease in account balances within the double-entry bookkeeping system, where debits typically increase assets or expenses and decrease liabilities, equity, and revenue.

Credit Side

The right side of an accounting entry, indicating increases in liabilities, revenues, and equity, and decreases in assets and expenses.