Scientific Management Focuses Primarily On

question 39

Multiple Choice

Scientific management focuses primarily on:

• A)work simplification
• B)definition of management authority
• C)worker training for increased job responsibilities
• D)standard hour wage payment systems

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Definitions:

Market Price

The current price at which a good or service can be bought or sold in a marketplace, determined by supply and demand forces.

Equilibrium Price

The price at which the quantity of a good or service demanded equals the quantity supplied, leading to market equilibrium.

Quantity Supplied

The total amount of a particular good or service that producers are willing to provide at a given price.

Shortage

A market condition where the demand for a product or service exceeds its supply, often leading to higher prices or queuing.