Examlex

Solved

Kathy Is the Production Manager for a Computer Assembly Company

question 55

Multiple Choice

Kathy is the production manager for a computer assembly company. Kathy is evaluating her best workers so that their assembly methods can be formalized and documented for all workers to follow. Which goal of scientific management is Kathy pursuing?


Definitions:

Marginal Resource Cost

The additional cost incurred by producing one more unit of a resource or good.

Profitable Hire

An employee whose contributions generate more revenue than the cost of their employment, making them financially beneficial to the company.

Marginal Revenue Product

The additional revenue generated from using one more unit of input, commonly used in decision-making about resource allocation.

Total Revenue

The overall amount of money generated by a business from the sale of goods or services, calculated as the unit price times the quantity sold.

Related Questions