The _______ Theory Was Introduced in the Latter Part of the 19th

question 32

Multiple Choice

The _______ theory was introduced in the latter part of the 19th century shortly after the industrial revolution had occurred in Europe and America.

• A)organizational environment
• B)management science
• C)behavioral management
• D)administrative management
• E)scientific management

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Definitions:

Equivalent Units

A concept in cost accounting used to calculate the number of units of production expressed in terms of fully completed units.

Materials

Raw substances or components used in the manufacturing process to create products.

Equivalent Units

A concept used in cost accounting to convert the amount of work done on partially finished goods into the number of fully completed units.

Materials

Substances or components that are used in the production process to create a finished product.