Beginning in the 1930s,people Began to Realize the Negative Effects

question 33

Multiple Choice

Beginning in the 1930s,people began to realize the negative effects of some management systems on the worker.A view which arose in policing that management should instill pride and dignity in officers is known as:

• A) scientific management.
• B) systems management.
• C) human relations management.
• D) management by objectives.
• E) None of the above

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Definitions:

Gross Profit Inventory Method

An accounting method to estimate the value of ending inventory and cost of goods sold using the gross profit margin.

Inventory Valuation

The method used to determine the cost associated with an inventory at the end of an accounting period, impacting the cost of goods sold and net income.

Gross Profit

The financial metric indicating the difference between revenue and the cost of goods sold (COGS), reflecting the efficiency of core operations.

Consignor and Consignee

The consignor is the entity that owns goods being shipped, while the consignee is the entity receiving the goods for sale or safekeeping.