Management practices that routinize and standardize work, often using time and motion studies to break the job down into its smallest tasks, are known as:
A. Scientific management
B. Job control unionism
C. Fordism
D. Total quality management
A. Scientific management
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Define the different situations in which courts can hold manufacturers liable for negligence.
What will be an ideal response?
Country Homes is a store for people who collect country arts and crafts and use them to decorate their homes. Last year, its net sales totaled $120,500. The cost value of the items it sold was $72,300. Taxes for the year were $7,680. The only expenses that the operation had were (1) rent for $3000, (2) salaries to the owner and one part-time assistant for $27,000, (3) utilities at $1,200, and (4) advertising of $500. Calculate the gross margin percentage for Country Homes.
A. 60.2 percent B. 9.6 percent C. 40 percent D. 7.3 percent E. 26.3 percent
The specific identification inventory method should be used when the inventory consists of identical, low cost units that are purchased and sold frequently
Indicate whether the statement is true or false
__________ organizational structures in firms means that individuals seeking career advancement need to consider lateral moves rather than just promotions.
A. Taller B. Flatter C. Simpler D. Organic