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4 March, 21:14

The first modern industry to develop and use large quantities of financial statistics to assess and monitor organizational performance was: A. the railroads. B. automobile companies. C. lumber companies. D. steel companies.

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  1. 4 March, 22:06
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    A. The railroads

    Explanation:

    The railroads were the pioneer modern industry in the development and usage of large quantities of financial statistics to assess and monitor organizational performance. This was quickly followed by the steel companies led by Andrew Carnegie who developed systems for recording cost of materials and labour utilized in his company. This all brought about efficiency and advancements in pricing system and decisions.
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