Which of the Following Is NOT Included in the Guidelines

question 37

Multiple Choice

Which of the following is NOT included in the guidelines for scientific management?

• A)Jobs should be carefully analyzed to identify the best way to perform them.
• B)Employees should be trained at the job they will perform.
• C)Employees should be rewarded for productivity to enhance performance.
• D)Employees should be hired on the basis of their formal education.

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Definitions:

Unobservable Characteristics

Traits or attributes of an entity that cannot be directly measured or seen but influence outcomes.

Adverse Selection

Adverse selection is a situation in which an asymmetry of information between buyers and sellers results in the failure to facilitate optimal market outcomes, often seen in insurance markets where those most likely to claim insurance are also the most likely to purchase it.

Moral Hazard

The tendency of a person or entity to take risks because the negative consequences of the risk will be borne by another party.

Unobservable Actions

Actions taken by individuals or entities that cannot be seen or monitored by others, often discussed in the context of economics or game theory.