The Basic Idea Behind Scientific Management Is That

question 65

Multiple Choice

The basic idea behind scientific management is that

• A) management can use scientific principles to make a business more productive.
• B) truly rational organizations must ignore the personal needs of workers.
• C) both science and formal organizations are rational.
• D) organizations benefit from employees having scientific knowledge.

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Definitions:

Profit-maximizing Price

The price at which a company can make the most profit, considering the balance between sales volume and profit per unit.

Steak

A cut of meat, typically beef, sliced perpendicular to the muscle fibers, or a similar piece of meat from other animals.

Tied Good

A product or service that is sold or used together with another product or service, often where one cannot effectively be used without the other.

Profit-maximizing Price

The price at which a company can sell its product to achieve the highest possible profit.