Final answer:
The statement regarding Henry Ford's use of the moving assembly line for mass production is true, as it highlights the standardized production with low or semi-skilled workers and specialized equipment which led to increased efficiency and affordability of products like the Model T.
Step-by-step explanation:
The moving assembly line introduced by Henry Ford is indeed an example of the development of mass production based on large volumes of standardized goods produced using low or semi-skilled workers and highly specialized equipment. This is true. Ford revolutionized the manufacturing process by introducing the moving assembly line, which allowed for each worker to perform a very specific operation in the assembly of automobiles, specifically the Model T. Moreover, Ford's innovation significantly reduced the cost of production, leading to more affordable prices for the consumer, and transformed industrial manufacturing.
Workers were trained to complete one or two steps in the manufacturing process, making the tasks routine and possible for anyone with minimal training. This progression led to increased production speeds and greater efficiency within factories. Ford was successful in enhancing the assembly line's efficiency, which was already established in industries such as meatpacking and other automobile companies, by optimizing it for the large-scale production of vehicles.