The Basic Idea Behind Scientific Management Is That

question 121

Multiple Choice

The basic idea behind scientific management is that

• A)both science and formal organizations are rational.
• B)organizations benefit from employees with scientific knowledge.
• C)applying scientific principles can make a business more efficient.
• D)All of these are correct.

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Definitions:

Present Value

The present-day financial assessment of a sum of money to be received later or a series of cash flows, based on a specific rate of return.

Discount Rate

In discounted cash flow analysis, the Discount Rate refers to the interest rate employed to ascertain the present value of future cash flows.

Future Cash Flows

Future cash flows refer to the estimated amounts of money to be received or paid by a business in the future, often used in investment analysis and valuation.

Present Value

The immediate monetary value of a future sum of money or cash flow sequences, utilizing a known rate of return for calculation.