Amy Is a Package Delivery Service Manager

question 54

Multiple Choice

Amy is a package delivery service manager.She is interested in implementing the management philosophy pioneered by Frederick W.Taylor and Frank and Lillian Gilbreth,which scientifically studies work methods to improve the productivity of individual workers,known as ____.

• A)human relations management
• B)scientific management
• C)quantitative management
• D)contingency management
• E)management science

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Definitions:

Oligopoly

A market situation in which a small number of sellers constitutes the entire industry. It is competition among the few.

Cartel Arrangements

Agreements among competing firms to control prices or exclude entry of a new competitor in the market, often resulting in anticompetitive behavior.

Oligopolists

Firms or individuals that control the market for a particular good or service in an oligopoly, where a small number of entities dominate.