Which Slogan Is the Best Fit for Frederick W

question 48

Multiple Choice

Which slogan is the best fit for Frederick W.Taylor's research?

• A) Efficiency has its limits.
• B) The customer is always right.
• C) Efficiency above all else.
• D) Empower the worker.

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Definitions:

Increasing-Cost Industry

An industry in which production costs increase as output expands, often due to scarce resources or rising input prices.

Industry Expands

The process of a sector in the economy growing due to an increase in demand, production, and often, employment.

Allocative Efficiency

A state of the economy where the distribution of resources among different uses is optimal, ensuring that the goods being produced are what consumers prefer the most.

Producing Output

The process of generating goods or services as the result of economic activity.