Which of the Following Best Defines Scientific Management

question 18

Multiple Choice

Which of the following best defines scientific management?

• A) It is the thorough studying and testing of different work methods to identify the best, most efficient way to complete a job.
• B) It is the set of moral principles or values that defines right and wrong for a person or a group.
• C) It is the behavior that conforms to a society's accepted principles of right and wrong.
• D) It is maintaining planning flexibility by making small, simultaneous investments in many alternative plans.

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Definitions:

Profit

The financial gain achieved when the revenues generated from business activities exceed the expenses, costs, and taxes needed to sustain those activities.

Margin Of Safety

The extent to which sales can decline before a business reaches its breakeven point.

Variable Expenses

Costs that change in proportion to the level of production or sales activities.

Break-even Point

The point at which total revenue equals total costs, resulting in neither profit nor loss for the business.