In the Late Nineteenth Century, Technological Improvements and Cheaper Transportation

question 152

Multiple Choice

In the late nineteenth century, technological improvements and cheaper transportation in the United States led to

• A)a decrease in minimum efficient scale in many industries
• B)an increase in minimum efficient scale in many industries
• C)an overall reduction in productive efficiency
• D)a narrowing of markets
• E)price increases in many industries

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Definitions:

Humanistic Management

An approach to management focusing on the individual needs and potential of employees, promoting personal growth and a positive organizational culture.

HR

Stands for Human Resources, a department in organizations concerned with the management of people within the company, focusing on policies, systems, and practices.

Scientific Management

A theory of management that analyzes and synthesizes workflows to improve economic efficiency, especially labor productivity.

Frederick W. Taylor

Regarded as the father of scientific management, his work focused on improving industrial efficiency through the study of workflows and worker productivity.