______ Is Considered the Father of Scientific Management

question 35

Multiple Choice

______ is considered the father of scientific management.

• A)Frederick Taylor
• B)Hugo Munsterberg
• C)Mary Parker Follet
• D)Tom Peters
• E)Elton Mayo

Understand Kirchhoff’s laws and apply them to solve for currents in an electrical network.

Graph systems of linear inequalities in real-life contexts, including production levels and financial planning.

Use determinants to find the area of a triangle given its vertices.

Understand the relationship between quantities and constraints in allocation problems through linear inequalities.

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Definitions:

Oligopoly

A market structure dominated by a small number of large firms, leading to competitive and cooperative behavior among companies.

Pure Monopoly

A market structure where a single company or entity exclusively produces and sells a product or service, with no close substitutes.

Four-Firm Concentration Ratio

A metric indicating the total market share controlled by the four largest firms within an industry, used to assess market competitiveness.

Herfindahl Index

A measure of the concentration of market power held by the largest firms within an industry.