The Scientific Management Approach Was Developed by

question 18

Multiple Choice

The scientific management approach was developed by

• A)Frederick Taylor.
• B)Robert Merton.
• C)Robert Michels.
• D)Rosabeth Moss Kanter.

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Definitions:

Standard Materials Price

The predetermined cost per unit of material that is used for budgeting and cost control purposes in manufacturing.

Direct Materials

Raw materials that are directly incorporated into a finished product and are a significant part of the manufacturing process.

Standard Materials Price

The price set for budgeting purposes for materials in manufacturing, often used in variance analysis.

Standard Materials Price

The pre-determined cost assigned to materials used in production, for budgeting and variance analysis purposes.