Repetition of a Task Generally Results in a Reduction of Labor

question 46

Multiple Choice

Repetition of a task generally results in a reduction of labor hours each successive time a worker performs that task.

• A) budgeting.
• B) predicting.
• C) estimating.
• D) planning.
• E) guesstimating.

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Definitions:

Balancing

The process of maintaining equilibrium or stability within operations, finances, or strategies of an organization.

Entrepreneurial Process

The sequence of steps an entrepreneur follows from conceptualizing a business idea to launching and growing a new business.

Opportunity

A set of circumstances that makes it possible to do something, especially to start a new business or launch a new product.

Timmons Model

A model of entrepreneurship that emphasizes the importance of opportunity, team, and resources, and how they are balanced and fit together.