The Work of Frank and Lillian Gilbreth on Motion Studies

question 61

Multiple Choice

The work of Frank and Lillian Gilbreth on motion studies provided the basis for later advances in which of the following management areas?

• A) job simplification
• B) incentive wage plans
• C) work standards
• D) all of the above
• E) none of the above

Recognize the free-rider problem and its implications for market efficiency.

Understand the role of government intervention in providing public goods and mitigating externalities.

Identify the characteristics and examples of club goods.

Comprehend the economic rationale behind the allocation of goods in markets.

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Definitions:

Labor

The deployment of human intellectual and bodily efforts towards the creation of products and services.

Price Capital

The cost of acquiring assets used for production, such as machinery or buildings, often referred to as investment in capital goods.

Employment Decline

A reduction in the number of employed individuals within a specific job market, sector, or economy over a certain period.

Occupations

Various types of jobs or professions in which individuals engage to earn a living.