Which of the Following Is a Major Element Typically Included

question 21

Multiple Choice

Which of the following is a major element typically included in a "to make" cost analysis?

• A) Direct labor costs at your facility
• B) Purchase price of the part from the supplier
• C) Transportation costs
• D) Receiving and inspection costs of incoming goods
• E) Any follow-on costs related to quality or service provided by the supplier

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Definitions:

Scientific Management

A theory of management that analyzes and synthesizes workflows, with the objective of improving economic efficiency and labor productivity.

Careful Selection

The meticulous process of choosing the most suitable candidates or options based on specific criteria.

Scientific Management

Scientific Management is a management theory developed by Frederick W. Taylor that analyzes and synthesizes workflows with the main objective of improving economic efficiency, especially labor productivity.

Frederick Taylor

Known as the father of scientific management, Frederick Taylor introduced principles aiming to improve industrial efficiency and productivity through systematic study and analysis of work tasks.