Which of the significant technology changes that improved efficiency in production is described as "using machines to replace labor"?

A) mechanization
B) standardization
C) assembly line
D) continuous production
E) mass production

Answer: A
Explanation: A) Mechanization is the use of machines to do the work formerly performed by people.

Business

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It is never appropriate to compare nominal rates unless they include the same number of

compounding periods per year. Indicate whether the statement is true or false

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