If BFL Followed the Scientific Method as Proposed by Henry

question 62

Multiple Choice

If BFL followed the scientific method as proposed by Henry Gantt, which one of the following actions by BFL will be the MOST likely outcome?

• A) The workers of the Ambition brand of shoes were recently moved to a new assembly line, where they now use only three steps per task compared to the earlier five steps.
• B) Every month the BFL management awards monetary incentives to employees who have exceeded their targets for that month and the top performer is designated as the "employee of the month."
• C) The worker wages are not fixed but are dependent on the number of shoe parts they process in a month.
• D) BFL has no strict guidelines regarding work clothes for their employees.
• E) The managers undergo regular training to enhance their interpersonal skills. This has helped increase productivity through better communication between employees.

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Definitions:

ATC

Average Total Cost, the total cost of production divided by the quantity of output produced.

Economic Profits

The surplus that remains after all operational costs, including opportunity costs, are subtracted from total revenues.

Economic Profits

Economic Profits represent the surplus after subtracting both the explicit and implicit costs from total revenue, depicting a firm's advantage beyond the normal returns.

Normal Rate

Typically refers to an average or commonly occurring value within a specific context, such as an interest rate or growth rate.