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2 years ago

A motivation for scientific management, which uses time and motion studies and work standardizations, is to:

Business

1 answer:

bulgar [2K]2 years ago

7 0

Make manual labor work more efficiently.

Scientific management

This is an art of knowing accurately that "what is to be done" and "how it's to be done". There are some of the studies:

MOTION STUDY- This is the study which helps to reduce unwanted movements so that it would take very less time to perform the job effectively.

TIME STUDY- This helps in setting the standard time for performing the particular task more efficiently. It is to be set according the task given.

WORK STANDARDIZATION- It is the type of a process in which standards are set for every business activity- raw materials, product, time, methods or working conditions.

Hence, these are all studies which helps to make "manual labor work more efficiently".

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Answer:

Option (B) is correct.

Explanation:

Given that,

Percentage increase in price = 5%

Percentage decrease in quantity demanded = 15%

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$Elasticity\ of\ demand=\frac{percentage\ change\ in\ quantity\ demanded}{percentage\ change\ in\ price}$

$Elasticity\ of\ demand=\frac{15}{5}$

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3 years ago

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C. 2000 hours a year.

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2 years ago

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3 years ago

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The annual dividend rates for a random sample of 16 companies in three different industries, utilities, banking, and insurance,

lubasha [3.4K]

Based on the information given, the results show that A.The annual dividend rate in the utility industry is significantly less than the annual dividend rate in the banking industry.

A dividend rate simply means a financial ratio that is important as it shows how much a company pays out in dividends every year relative to the stock price of the company.

In this case, the 95% confidence interval shows an interval of 1.28 to 6.28 for the difference. This implies that the annual dividend rate in the utilities industry is significantly less than the annual dividend rate in the banking industry.

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2 years ago

A company has determined that changes in price will not dramatically impact the number of sales they are able to make. What shou

tester [92]

Answer:

Sell at a somewhat higher price since customers will still purchase even at a higher price ( D )

Explanation:

The type of goods and services that changes in prices doesn't r affect the quantity/demand bought by the consumers are usually staple goods which are a necessity and not a want but a serious need. A company if after much research discovers that the demand for a particular product is unwavering( fixed ) they can increase the prices in order to maximize profits form the little amount of goods been produced/sold in the open market. while in other hand if the demand for a particular product is not stable any change in price can significantly affect the demand for the good or service leading to a loss for the company.

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