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2 years ago

Frederick W. Taylor is speaking to a friend about scientific management. Which of the following statements might Frederick say?

Business

1 answer:

zvonat [6]2 years ago

4 0

Answer:

(A) The best way to increase your workers' productivity is to study their movements carefully. Figure out the fastest way to get the job done correctly, and then train all of the employees to do it the same way.

(B) Are you promoting people just because you like them? Try having managers make promotion decisions solely on the basis of a person's technical ability to do the work.

Explanation:

Scientific Management theory laid out by Frederick W. Taylor focuses on effective (best) and efficient (less costly) way of getting the work done.

(1) Statement A focuses on motion and time studies respectively.

In motion studies, we are concerned with elimination of unnecessary movements and activities required to perform a job. For eg, in order to manufacture 100 packets of biscuits, 5 processes are required but the processes currently used are 10, so 5 processes must be eliminated in order to save time and costs.

Time studies implies setting up time for performing a particular work activity. The time must be same for all the workers and could be based on the past factory time data of the activity. For eg, an average time per worker can be calculated for the activity taking into consideration the total time spent by total no. of workers on a particular work activity.

(2) Statement B focuses on promoting the persons based on their technical ability to do the work.

Differential piece wage system of F.W. Taylor applies perfectly to this statement. It prescribes paying workers as per the work done by them. For eg, a worker producing 15 units of a good per day would be paid $ 12 a unit, let's suppose and the worker producing less than that would be paid $ 10 a unit. So, the workers producing 15 and more units of a good, have higher technical ability with respect to the production of that good and hence, higher pay. The workers producing less than 15 units have lower technical ability and hence lower pay.

(3) Statement 3 relates to the administrative principle of "Unity of Command" laid out by Henry Fayol and hence, is not the solution statement.

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trapecia [35]

Answer:

The Money supply will decrease by $4,500

Explanation:

What will be the maximum impact on money supply today as a result of your action is that the Money supply will decrease by $4,500.

Since we assumed that you have $10,000 in your account in which you withdraw $500 cash from your account and hide it under your pillow for future use, therefore based this scenario or actions carried by you it means that your bank have fewer or lesser funds available to make loans which means the decrease will tend to affect the money supply.

Hence, you can easily calculate the effect by using the simple money multiplier.

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2 years ago

Suppose that the price of a money clip increases from $0.75 to $0.90 and quantity supplied rises from 8,000 units to 10,000 unit

arsen [322]

Answer:

1. 1.22

Explanation:

P = Price of money clip

S = Supply of money clip

P1 = 0.75

P2 = 0.90

S1 = 8,000

S2 = 10,000

Mid point Formula = [ ( S2- S1 ) / ( P2- P1 ) ] / [ ( ( S2+ S1 ) / 2) / ( ( P2 + P1 )/2 ) ]

Price Elasticity of Supply = [ ( 10,000- 8,000 ) / ( 0.90- 0.75 ) ] / [ ( ( 10,000+ 8,000 ) / 2) / ( ( 0.90 + 0.75 )/2 ) ]

Price Elasticity of Supply = (2,000 / 0.15) / (9,000 / 0.825)

Price Elasticity of Supply = 13,333.33 / 10909.09

Price Elasticity of Supply = 1.22

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2 years ago

One of your duties as the capacity manager for XYZ Company is to determine the best operating level. One way to help determine c

yanalaym [24]

Answer:

Capacity utilization rate of team 1=4200/4700=0,89

Capacity utilization rate of team 2=3700/4700=0,78

Explanation:

To get the maximum capacity of utilization capacity manager must consider the routine safety and the level where average cost per unit, so we use 4700 widgets per day to get the rate of team 1 and 2.

Capacity utilization rate of team 1=4200/4700=0,89

Capacity utilization rate of team 2=3700/4700=0,78

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2 years ago

One change that seth mentions is the plantbottle. another is using grape juice instead of sugar to sweeten drinks. what is true

Aleks04 [339]

The answer to this question is The PlantBottle is a potentially disruptive innovation; grape juice–sweetened drinks are a product change.
Disruptive innovation refers to the type of innovation that potentially eliminate existing similar product in the market, and product change is an additional adjustment that made toward a similar product that already exists int he market.

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2 years ago

Pleiss Corporation applies manufacturing overhead to products on the basis of standard machine-hours.

Zigmanuir [339]

Answer:

$24 favorable

Explanation:

The formula to compute the variable overhead efficiency variance is shown below:

= (Actual machine hours - standard machine hours) × variable overhead per hour

where,

Actual machine hours is 2,270 machine hours

The standard machine hours is 2,280 hours and the standard variable manufacturing overhead rate is $2.40

Now put these values to the above formula

So, the value would equal to

= (2,270 hours - 2,280 hours) × $2.40

= $24 favorable

3 0

2 years ago