The Scientific Approach to Management Is Sometimes Referred to As

question 31

Multiple Choice

The scientific approach to management is sometimes referred to as:

• A) Principles of management
• B) Productivity management
• C) Taylorism
• D) Time studies approach

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Definitions:

Total Asset Turnover

An efficiency ratio indicating how effectively a company uses its assets to create sales, calculated by comparing its net sales to its average total assets.

Net Sales

The revenue a company earns from sales once it subtracts returns, allowances for damaged or missing products, and discounts.

Asset Efficiency

A measure of how effectively a company uses its assets to generate revenue.

Salvage Value

The projected resale price of an asset upon reaching the end of its useful period, accounted for in computing depreciation.