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2 years ago

Who is credited with pioneering the principles of the scientific approach to management

Business

1 answer:

Alex777 [14]2 years ago

6 0

Answer:

Frederick W. Taylor. Frederick Taylor (1856–1915) is called the Father of Scientific Management. Before the Industrial Revolution, most businesses were small operations, averaging three or four people.

Explanation:

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Ý nghĩa lý luận và thực tiễn của tiểu luận

Zina [86]

Answer:

talk in English man

please foll and sorry

3 0

3 years ago

You are in talks to settle a potential lawsuit. The defendant has offered to make annual payments of $28,000, $32,000, $66,000,

larisa86 [58]

Answer:

$202,137.90

Explanation:

Year Annual payment Discount factor Present value

1 $28,000 0.965250965 $27,027.03

2 $32,000 0.931709426 $29,814.70

3 $66,000 0.899333423 $59,356.01

4 $99,000 0.868082454 $85,940.16

Total present value $202,137.90

The discount factor should be computed by

= 1 ÷ (1 + interest rate)^years

where,

rate is 3.6%

Year = 0,1,2,3,4 and so on

6 0

3 years ago

An Engel curve:________.

creativ13 [48]

Answer:

A. slopes upward for normal goods and downward for inferior goods.

Explanation:

In the case of Engle curve it plots the relationship between income and demand for a good.

In the case of the normal goods, as the income rises the demand also rises while on the other hand in the case of inferior goods, the income rises the demand false

So it sloped upward for the normal goods and slop downwards for the inferior goods

3 0

2 years ago

To conduct an experiment, a movie theater increased movie ticket prices from $9 to $10 and measured the change in ticket sales.

AleksandrR [38]

Answer:

1. The elasticity of demand for movie tickets must be INELASTIC.

2. Demand curves become LESS elastic in the long run. This means that the ticket price increase will likely be MORE profitable in the long run.

Explanation:

1. As demand is inelastic, the percentage of price increase will be greater than the decrease in the quantity of tickets demanded, and consequently profit will increase.

2. In the long term, demand becomes inelastic. Consequently, in the long term the percentage of the price increase will continue to be greater than the percentage of decrease in the quantity of tickets demanded.

7 0

3 years ago

When private ownership rights are well-defined and enforced, owners of physical assets and resources

sukhopar [10]

Answer:

b. incur the opportunity cost of ignoring the wishes of others.

Explanation:

Opportunity cost in economics is seen as the forgone cost of doing something.

So in this instance where private ownership rights are well defined, everyone knows what is his own and what belongs to others.

The opportunity cost of this will be to ignore the wishes of others. They must now consider the wishes of others.

8 0

3 years ago