What New Discoveries About the Nature of Production in the Workforce

question 10

Multiple Choice

What new discoveries about the nature of production in the workforce were realised as a result of the Hawthorne experiments?

• A)It is possible to identify one best way.
• B)Workers must be induced to work harder by offering them economic incentives.
• C)Modifications in the level of an employee's psychological satisfaction and new social interactions can lead to increased production.
• D)All employees will try to minimize their workload.

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Definitions:

Carrying Amount

The book value of assets and liabilities, calculated as the original cost minus any accumulated depreciation, impairment, or amortization.

Fair Value

The expected proceeds from an asset sale or the financial commitment for a liability shift in an orderly engagement among market participants at the time of determining value.

Loss on Acquisition

A financial loss that occurs when the cost to acquire a company or asset exceeds its fair value.

Gain on Sale

The profit realized from the sale of assets that exceeds the book value of those assets.