The Most Significant Shortcoming of the Scientific Management Approach Was

question 43

Multiple Choice

The most significant shortcoming of the scientific management approach was that it

• A) overstated the importance of money
• B) understated the importance of money
• C) was funded by large corporations
• D) was not actually scientific
• E) did not produce any positive results

---

Definitions:

Fair Value

The price at which an asset would be bought or sold in an orderly transaction between market participants at the measurement date.

Unamortized Patent

The portion of a patent's cost that has not yet been expensed in the income statement over the patent's useful life.

Land Account

An account used in accounting to track the investment in land owned by an entity, including the costs associated with acquiring the land.

Adjustment Necessary

Indicates that changes must be made to financial records or statements to correct inaccuracies or account for new information.