Which of the Following Occurred in the 1950s, During the Economic

question 21

Multiple Choice

Which of the following occurred in the 1950s, during the economic upturn after the Depression?

• A) hospitals were closed
• B) hospital insurance was discontinued
• C) physicians became independent entrepreneurs
• D) physicians used less expensive therapies
• E) physicians became more specialized

Understand the origins and key findings of the Hawthorne studies.

Recognize the Hawthorne effect and its implications for management.

Identify diverse theories of motivation in the workplace, including Maslow's hierarchy of needs.

Differentiate between the types of needs outlined by Maslow (e.g., physiological, safety, social, esteem, self-actualization).

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Definitions:

Milling Machine

A machine tool used to machine solid materials, typically by cutting, boring, drilling, or threading.

Raw Materials

Basic substances in their natural, modified, or semi-processed states used as inputs for manufacturing finished goods.

Labour

The effort exerted by humans, encompassing both physical and mental activities, in the creation of goods and services.

Cost Structure

The composition of a company's costs, including fixed and variable costs, that determines how it spends money on its operations.