________ Is Commonly Called the "Father of Scientific Management" Because

question 58

Multiple Choice

________ is commonly called the "father of scientific management" because of the significance of his contributions.

• A) Frank Gilbreth
• B) Henry L. Gantt
• C) Lillian Gilbreth
• D) Henri Fayol
• E) Frederick W. Taylor

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Definitions:

Lower Of Cost

A principle in accounting that requires inventory to be recorded at either its cost or its market value, whichever is lower.

Replacement Cost

The current cost of replacing an asset with a similar new asset at prevailing market prices.

Cost Flow Method

An accounting technique used to value inventory by determining how costs move through different accounts.

Gross Profit Method

An inventory valuation method estimating the cost of goods sold and ending inventory based on gross margin percentages.