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managerial accounting.AMP was founded in 1941 to support the war effort by selling electrical connectors to the U.S. government. AMP commercialized the technique of crimping,

managerial accounting.AMP was founded in 1941 to support the war effort by selling electrical connectors to the U.S. government. AMP commercialized the technique of crimping, whereby an electrical contact is quickly attached to a wire using a hand tool instead of being slowly soldered. After WWII, AMP enjoyed rapid growth from the expanding computer electronics industry. In 1955, AMP changed its name from Aero-Marine Products to AMP. Since then, AMP had become the world's leading manufacturer of electrical and electronic connectors (see Exhibit I for examples of connectors). Global revenue in 1996 was U.S.$5.5 billion (see Exhibits II to III). AMP had 48,000 employees in 53 countries in North America, Europe, and Asia. Nearly half of those employees worked in the world headquarters of Harrisburg, Pennsylvania.

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