Answer:
Correct option is 'It is through studying and testing of different work methods to identify the best, most efficient way to complete a job'
Explanation:
Scientific management refers to employing different methods or workflows to improve labor work efficiency, thereby achieve organizational objectives in a efficient way.
Application of scientific methods to improve efficiency proved highly beneficial. One of the methods was to break down big tasks into smaller and simpler tasks and dividing the tasks among the labor as per their skills. This ensured quality work.
Which inventory method generally results in costs allocated to ending inventory that will approximate their current costs? FIFO. The FIFO inventory method stands for first-in, first-out. This method allows businesses to keep track of their inventory on an old inventory out before the new inventory basis. The first out inventory is recorded as the first items sold even if they aren't exactly the oldest item.
True actually because look in your text books !!
Answer:
A) This is an example of a fixed cost because the cost doesn't vary with the number of trains.
Explanation:
A fixed cost is a cost that does not vary as the total output varies. In this case, the number of trains using the tracks would be the total output, and the tracks need to bee cleaned regardless of how many trains will use them. Since the costs do not vary depending on the number of trains that will use the tracks, it is considered a fixed cost.
Answer:
Demand forecast.
Demand forecast is the process a business embarks on so that it can predict its future sales and demand of a product.
Explanation:
A demand forecast will assist the company to come up with decisions as regards the number and nature of people they need. The demand forecast will also help to determine the amount of workers they need for staffing a new facility so that it can operate efficiently and at it optimum.
