Time and Motion Studies

question 51

Multiple Choice

Time and motion studies

• A) are the basis of Maslow's Hierarchy of Needs Model.
• B) are designed to determine how best to perform a job most efficiently.
• C) helped managers understand the odd results of the Hawthorne studies.
• D) are crucial for improving the abilities of human resources.
• E) are mainly used to assess higher-level jobs.

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Definitions:

Management By Exception

A management strategy where only significant deviations from planned results are addressed, focusing managerial attention on the most important issues.

Top Levels Of Management

The highest tier in an organization's management structure, typically including roles like CEO, CFO, and other senior executives responsible for strategic decisions.

Master Budget

A comprehensive financial plan that includes detailed financial statements, forecasts, and budgets, consolidating all aspects of an organization’s financial performance.

Flexible Budget

A flexible budget that adapts to variations in activity or volume levels, enhancing the precision of budgeting and analysis of differences.