Question: Why is the Industrial Revolution significant for managers?

Why is the Industrial Revolution significant for managers?

Step by Step Solution

★★★★★

3.46 Rating (153 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Before the Industrial Revolution an item such as a blanket was made by one person typically ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Management Accounting Questions!

Q:

3. Suppose that a bond has a face value of $1,000 and a YTM of 8% per annum. If the bond pays monthly coupons with an annual coupon rate of 9.6%, what will be the current price of the bond? The bond...

Q:

Corporate Governance 2030: Thoughts on the Future of Corporate Governance Context Many commentators and pundits have been making predictions about a radically different corporate landscape than the...

Q:

The End of the Capitalist Era, and What Comes Next: 1. Pre-reading: Read the title to figure out what is the text about and read the short biography about the author 2. While reading the text:...

Q:

You are asked by a company to classify its stock using the ABC system. Following is a list of items the company stocks and the annual demand and unit value for each. Item Annual Usage Unit Cost (S) A...

Q:

Please summarize this, thank you in advance: Manufacturing has gone through multiple transformations and times of dramatic innovations that have improved its capability to produce ever higher quality...

Q:

Classical Approaches The classical period extended from the mid - 1 9 th century through the early 1 9 5 0 s . The major approaches that emerged during the period were systematic management, human...

Q:

Why was the Industrial Revolution significant in terms of management practices? ANSWER Unselected Job specialization was eliminated. Unselected More goods could be produced in a single day....

Q:

Which of the following was not a management problem during the Industrial Revolution? finding good managers finding adequate labor performing the management functions preventing combinations of...

Q:

What are the key terms from the reading?Define each term. How Information Gives You Competitive Advantage July 1985 Issue The information revolution is sweeping through our economy. No company can...

Q:

The effect of digitalization on business performance: An applied study Check for updates of KIBS Samuel Ribeiro-Navarrete , Dolores Botella-Carrubi, Daniel Palacios-Marques , Maria Orero-Blat Calle...

Q:

The effect of digitalization on business performance: An applied study Check for updates of KIBS Samuel Ribeiro-Navarrete , Dolores Botella-Carrubi, Daniel Palacios-Marques , Maria Orero-Blat Calle...

Q:

Joos Company is considering the purchase of a new machine costing $245,000. This machine is estimated to use about $5,400 per year in operating expenses, but it will allow the company to earn an...

Q:

What factors account for the variation in airfares? Should airlines be permitted to get as much as they can for a seat? Youd think that the farther you fly, the more expensive your airfare would be....

Q:

What does respa mean to regulate the interest rate or control the credit

Q:

3. Visit the website for the Internal Revenue Service at http://www.irs.gov/publications/p950/index.html, where you can fi nd information on the federal gift and estate tax. Is this a tax you ever...

Q:

Which of the following statements in relation to current trends in accounting is NOT correct? Question 6 Answer a . The revised version of the Conceptual Framework does not provide guidance as to...

Q:

Accounts Receivable is on the and reports the amount Click the answer you think is right. balance sheet; not yet collected for sales made on account to customers Income statement; collected from...

Q:

Barkoff Enterprises, which uses the high-low method to analyze cost behavior, has determined that machine hours best explain the company's utilities cost. The company's relevant range of activity...