The answer is scientific management. Scientific management is a theory of management that analyzes and produces a workflow. Its main aim is improving economic efficiency, especially labor productivity and is one of the earliest attempts to apply science to the engineering of processes and to management. The theory uses engineering science and mathematics to reduce waste and increase the efficiency of the methods and process of production.
Answer:
The correct answer is Fire trucks.
Explanation:
According to the scenario, the given data are as follows:
1. Building blocks buy = $50
Increase in units = 100 units
2. Fire trucks buy = $20
Increase in units = 80 units
( which means in $50 Fire trucks can be bought 2.5× existing units)
So, In $50 Fire trucks increase in unit = 80 units × 2.5 = 200 units
3. Trains buy = $5
Increase in units = 15
( which means in $50 Trains can be bought 10× existing units)
So, In $50 Trains increase in unit = 15 units × 10 = 150 units
Hence, Fire trucks will give the maximum utility.
Answer:
A. Interest rates rise.
C. There is an economic boom overseas that raises the incomes of foreign households.
Explanation:
Option A - It is correct because if the interest rate increases, consumer spending will decline. Therefore, the aggregate demand curve will shift to the left.
Option B - If the government reduces the personal income tax, the consumers will spend more, it will lead the aggregate demand to the right. So, it is wrong.
Option C - Foreign households' income will lead to more savings. Therefore, spending will decline. So, it is the correct statement.
Option D - It is incorrect because corporate profit tax will not consider in the aggregate demand.
