When a Delivery System Is More Efficient Than the Current

question 44

Multiple Choice

When a delivery system is more efficient than the current standard that system has which form of a competitive advantage:

• A) distribution
• B) cost
• C) price
• D) delivery

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Definitions:

Henry L. Gantt

An American mechanical engineer and management consultant famed for developing the Gantt chart, a graphical scheduling tool for project management.

Differential Piece-rate Plan

A compensation system where workers are paid based on the quantity of items produced, with rates varying according to achieved efficiency thresholds.

Minimum Wage

The lowest legal hourly pay for workers, set by government regulation.

Scientific Management

An early management theory that emphasizes the use of scientific methods to determine the most efficient ways to work, enhance productivity, and reduce waste.