All categories

3 years ago

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

Business

1 answer:

Alex777 [14]3 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:

You might be interested in

Cobe Company has already manufactured 19,000 units of Product A at a cost of $15 per unit. The 19,000 units can be sold at this

viktelen [127]

Answer:

Product A should be processed further

Explanation:

Scenario 1

Cobe company produces only product A, we have:

Number of units (n) = 19,000, Unit cost (u) = $15

Cost of Production (C) = number of units * unit price

C = n * u = 19,000 * 15

C = 285,000

Revenue = Sale Price - Cost of Production

Revenue = $ (430,000 - 285,000)

Revenue = $145,000

Scenario 2 (Alternative option)

In this case, product A is converted into products B and C; in doing so, an additional cost of $300,000 is incurred

Cobe company produces products B & C, we have:

Production cost of product A = $285,000,

Number of units (product B) = 5,300, Selling price (product B) = $100,

Number of units (product C) = 11,600, Selling price (product C) = $54, Additional cost (X) = $300,000

Revenue = Revenue (product B) + Revenue (product C)

Revenue = number of units * selling price

Revenue = (5,300 * 100) + (11,600 * 54)

Revenue = $1,156,400

The Net Revenue is given by the difference between the Total Revenue and the additional cost incurred

Net Revenue = Revenue - (Production cost + Additional cost)

Net Revenue = $ [1,156,400 - (285,000 + 300,000)]

Net Revenue = $571,400

The Net Revenue from Scenario 2 is most 4x that from Scenario 1

Hence, Product A should be processed further as it will bring maximum profit to Cobe company

5 0

4 years ago

A dealer persuades a customer to buy a new car by reducing the price to well below that of his competitors. Once the customer ha

poizon [28]

Answer:

low ball

Explanation:

From the question, we are informed about A dealer who persuades a customer to buy a new car by reducing the price to well below that of his competitors. Once the customer has agreed to buy the car, the terms of the sale are shifted by lowering the value of the trade-in and requiring the purchase of expensive extra equipment. Now the car costs well above the current market rate. In this case, This is an example of the low ball procedure. The low-balling procedure can be regarded as lpersuasion tactic whereby the seller offer will give an initial offer of goods/ service at a lower price than the expected price, so that the buyer can commit, after the commitment from buyer, the price will be suddenly increased. This technique is famous among salesmen as well as advertisers.

5 0

3 years ago

1. Understanding the Nature of Communication

lisabon 2012 [21]

Answer:

In the course of typing the e-mail message,Helene is engaged in message encoding(B).

However, while hitting the send icon,Helene is engaged in message transmission(A).

Explanation:

Message encoding is actual formulation of the message and the sender must bear in mind that the essence of communication is comprehensibility,as a result choose tone and words that are appropriate in a given circumstance.

On other hand,message transmission involves the sending of the message crafted earlier in the course of message encoding to the recipient .

7 0

3 years ago

List at least 6 things your credit card company must clearly disclose to consumers.

never [62]

It is important to review the credit card disclosure for information on APRs, Penalties, Grace periods, Minimum financing charges, Calculation methodologies, and Fees.

An explanation of all the fees, charges, interest rates, and conditions that a consumer can encounter when using the credit card is contained in a credit card disclosure. The legislation requires disclosure of this information by organizations that provide credit cards. The disclosures on credit cards offer clear information about costs and charges. They also encourage rivalry. To allow consumers to evaluate credit cards more effectively, it is legally necessary of all credit card companies to give the same price information. They can pick the one that better serves their tastes in terms of price.

The interest rate that a client will pay on outstanding balances is the most obvious example of a cost listed on a credit card disclosure. Basic elements like the monthly payment deadlines will also be covered in the disclosure.

Learn more about Credit Card here:

brainly.com/question/28800758

#SPJ4

8 0

1 year ago

White Company acquires a new machine for $75,000 and uses it in White's manufacturing operations. A few months after White place

Katena32 [7]

Answer:

Tax status = Ordinary Asset
Gain = $60,000

Explanation:

As the company expensed the asset fully in the year of purchase instead of capitalizing it, the asset is an ordinary asset not a capital one which is capitalized. That is the tax status.

The gain on an ordinary asset is the amount that it was sold for which in this case is $60,000.

Tax status = Ordinary Asset

Gain = $60,000

5 0

3 years ago