Examlex

Solved

Match the Following Concepts with Their Descriptions in Items

question 53

Multiple Choice

Match the following concepts with their descriptions in items :
-Help interpret a symptom, give advice about seeking medical attentions and recommend a remedy

Identify the significance of the Gilbreths' motion studies and their impact on efficiency.
Acknowledge the historical timeline and context of Frederick Taylor's scientific management studies.
Understand the early human relations theory and its implications on employee satisfaction and unionization.
Grasp the concept and application of Pareto analysis in problem-solving.

Definitions:

Variable Cost Concept

A principle in economics that refers to costs that vary directly with the level of production or service activity.

Rate of Return

A measurement of the gain or loss on an investment over a specific period, expressed as a percentage.

Contribution Margin

The difference between sales revenue and variable costs, used to cover fixed costs and generate profit.

Bottleneck

A point of congestion in a production system that occurs when workloads arrive too quickly for the production process to handle, often leading to delays and lower production efficiency.

Related Questions