Organization Development Is One Specific Set of Management Techniques Based

question 151

Multiple Choice

Organization development is one specific set of management techniques based in:

• A) management science.
• B) systems thinking.
• C) the behavioral sciences approach.
• D) scientific management.
• E) the administrative principles approach.

Understand the concept of fixed, variable, and marginal costs in business operations.

Calculate contribution margin and understand its significance for pricing and profitability.

Explain and calculate the break-even quantity and its implications for business decisions.

Understand the concept of Net Present Value (NPV) and its application in investment decisions.

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Definitions:

Size Tolerance

The allowable deviations in dimensions defining the limits within which a part must be manufactured to ensure fit and function.

Positional Tolerancing

Positional tolerancing is a geometric dimensioning method expressing the allowable variation in the position of a feature within a part, relative to its reference features.

ASME

American Society of Mechanical Engineers, an organization that develops engineering standards and codes.

Coordinate Tolerancing

A system of defining dimensions and tolerances using a Cartesian coordinate system to control individual features.