Which of the Following Is True of Henry Gantt's Method

question 1

Multiple Choice

Which of the following is true of Henry Gantt's method of management?

• A) The Gantt scheduling chart was found to be impractical and has fallen into disuse.
• B) It gave less importance to the human side of production than F.W. Taylor's method.
• C) Gantt believed that worker compensation should correspond only to production.
• D) He considered that studying employee motivation was the role of scientific management.
• E) It dealt with lower-level management analysis and not comprehensive analysis.

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Definitions:

Interest Rate

The percentage of a loan amount charged by lenders to borrowers for the use of their money, expressed as an annual percentage.

Opportunity Cost

The cost of forgoing the next best alternative when making a decision, representing what is lost by choosing one option over another.

Money Demanded

The total amount of money that households and businesses wish to hold at a given time, often influenced by interest rates.

Fed Buys Government Bonds

The action by the Federal Reserve to purchase government securities from the market, which increases the money supply and lowers interest rates.