A Management Perspective That Emerged After World War II, and Applied

question 92

Short Answer

A management perspective that emerged after World War II, and applied mathematics, statistics, and other quantitative techniques to managerial problems is referred to as a(n) _____.

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Definitions:

Labor Efficiency Variance

The difference between the actual labor hours used in production and the standard labor hours expected to produce a certain quantity of goods, reflecting efficiency in labor use.

Labor Standards

The established amount of time required to perform a specific task or job, used in planning and evaluating labor efficiency.

Particular Product

A specific item or type of product that is distinct or unique in some way from other products.

Labor Rate Variance

The difference between the actual hourly wage paid to workers and the expected (or standard) wage.