Which of the Following Statements Is TRUE

question 51

Multiple Choice

Which of the following statements is TRUE?

• A) The person most responsible for initiating the use of interchangeable parts in manufacturing was Eli Whitney.
• B) The origins of management by exception are generally credited to Frederick W. Taylor.
• C) The person most responsible for initiating the use of interchangeable parts in manufacturing was Walter Shewhart.
• D) The origins of the scientific management movement are generally credited to Henry Ford.
• E) The person most responsible for initiating the use of interchangeable parts in manufacturing was Henry Ford.

Understand the role of job analysis and human resource planning in the selection strategy.

Learn about the challenges and shortcomings associated with employment interviews and selection tests.

Realize the importance of preserving job applications and how it aids HR in organizational assessment.

Comprehend the concept of validation studies and their relevance to different demographic groups.

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Definitions:

Competition

The rivalry between businesses or individuals striving for the same customers or market.

Monopoly Power

The ability of a single entity to control or dominate an industry or sector, limiting competition.

Antitrust Violation

An offense that occurs when business practices harm competition or create a monopoly, contrary to laws designed to promote fair competition in the market.

Market Share

The percentage of an industry's total sales that is earned by a particular company over a specific time period.