Refer to the Information Provided in Figure 20

question 61

Multiple Choice

Refer to the information provided in Figure 20.1 below to answer the questions that follow.
Figure 20.1
-Refer to Figure 20.1.The open economy multiplier is

• A)1.25.
• B)2.
• C)4.
• D)8.

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Definitions:

Time Study

A work measurement technique for recording the times of performing a certain specific job or its elements carried out under specified conditions.

Scientific Management

An early 20th-century management theory proposing the optimization of labor productivity through scientific studies of work methods and processes.

Frederick Taylor

An American mechanical engineer who sought to improve industrial efficiency and is considered the father of scientific management.

Bureaucratic Organizations

Organizations characterized by strict rules, hierarchical relationships, and a focus on procedure and protocol over flexibility and adaptability.