If I wanted to buy one of 2 items, a bike or a new TV, and after
consideration of my need to get exercise and fresh air, I chose to buy
the bike. Then, my opportunity cost would be the TV.
True
O False
Higher financial risk tolerance will help you engage in financial behaviors that have ______ long-term payoffs. Group of answer choices lower. greater. equal. None of these answer choices are correct. quizet
It should be noted that Higher financial risk tolerance allow individuals to have better financial behaviors that have Higher long-term payoffs.
This is because when one has a good financial behaviors it will help in long run in the business.
What is financial risk tolerance ?financial risk tolerance can be regarded as maximum degree of uncertainty that can be accepted by someone willingly.
Learn more about financial risk tolerance is at:
https://brainly.com/question/13171394
Fill the blanks: The cost management plan can establish ____________
The cost management plan can establish guidelines, processes, and procedures for managing and controlling project costs.
The cost management plan is an essential component of the project management plan. It outlines how costs will be estimated, budgeted, managed, and controlled throughout the project lifecycle. The cost management plan provides a roadmap for the project team to effectively monitor and control costs to ensure that the project stays within budget.
The cost management plan can establish several key elements, including:
1. Cost Estimation Methods: It defines the techniques and approaches that will be used to estimate project costs, such as bottom-up estimation, analogous estimation, or parametric estimation.
2. Cost Budgeting: It outlines the process for developing the project budget, including the level of detail, cost breakdown structure, and any specific guidelines for budget allocation.
3. Cost Control Measures: It establishes the mechanisms for monitoring and controlling project costs, such as variance analysis, earned value management, or change control procedures.
4. Cost Reporting: It defines the frequency, format, and recipients of cost-related reports, including cost performance reports, cost forecasts, and financial statements.
5. Roles and Responsibilities: It clarifies the roles and responsibilities of project team members involved in cost management, such as the project manager, cost estimator, or financial analyst.
The cost management plan plays a crucial role in ensuring effective cost management throughout the project. By establishing guidelines, processes, and procedures, it provides a framework for estimating, budgeting, monitoring, and controlling project costs. This helps the project team make informed decisions, identify cost deviations, and take corrective actions to keep the project on track financially.
To know more about Cost Management, visit
https://brainly.com/question/31450250
#SPJ11
The founders of the U.S. wanted to avoid establishing a permanent aristocracy or group of wealthy families who could control a great deal of the nation’s wealth. How is this idea related to estate and gift taxes?
Answer:
There are two points that I would like to single out that are very similar. First by implementing tax and gift taxes, Founding Father wanted to weaken families and business of that time, since there was a threat that rich families could become permanent aristocracy which over time could lead to the point where that families will rule the US. Second, by implementing those two taxes, government is taking a share from receivers since the receivers are getting some good that they did not earn it, they have just received it as a gift or as an estate. This way inheritance or gift would be of a much lesser value then it was before someone’s death or before someone made a gift. This was important because wealth of powerful families would just accumulate and grow so government of that time, strictly out of political reasons, prescribed those two taxes, so that the wealth will be smaller of value after tax.
The idea of avoiding an aristocracy by the founders of USA is related to estate and gift taxes because:
There was a need to reduce the influence of the wealthyAccording to the given question, we are asked to show the link which the founders of America had to preventing aristocracy and imposing estate and gift taxes.
As a result of this, we need to remember than an aristocracy is a government based on the wealthy and influential members of the society and this was one of the things which the Founding Fathers of America sought to prevent.
With this in mind, we can see that they imposed gift and estate taxes which was specifically targeted at the extremely wealthy so that their influence would be reduced and the country would not become an aristocracy.
Read more here:
https://brainly.com/question/20830385
1. Define Trade, Import and Export
2. List items the U.S. imports and exports.
Answer:
food and clothing
Explanation:
import is to bring things from a different country for sale. export is to give things to a different country or place for sale. trade is to transfer or exchange something from a different country.
The customers' customer is upstream in the supply chain.
true false
False. The customers' customer is downstream in the supply chain.
The customers' customer is downstream in the supply chain. The term "downstream" refers to the direction of the flow of goods or services, starting from the initial producer or manufacturer and moving towards the end consumer. Upstream, on the other hand, refers to the earlier stages of the supply chain, closer to the source of raw materials or production inputs.
In the context of the supply chain, the customers' customer refers to the entity or organization that directly purchases or consumes the product or service from the immediate customer. For example, if a manufacturer sells products to a distributor, and the distributor sells those products to retailers, then the retailers would be considered the customers' customers. They are downstream in the supply chain as they are closer to the end consumer.
Understanding the position of customers' customers is important for businesses to align their strategies and meet the needs and expectations of the end consumers effectively.
To learn more about customer
https://brainly.com/question/26313265
#SPJ11
Agribusiness developed as a result of a desire for more environmentally friendly agricultural practices. a desire for more environmentally friendly agricultural practices. increased demand for specialty food products. increased demand for specialty food products. a growing shortage of arable land. a growing shortage of arable land. declining numbers of farmers.
Answer:
declining numbers of farmers
Explanation:
Agribusiness is defined as an industry that is concerned with economic activities related to farming from the farming practices to the final product that gets to the consumer.
Activities like chemical production, breeding, crop production, farm machinery, marketing, and distribution of inputs.
In the agricultural space as a decline in the number of farmers occurred it became necessary for businesses to commercialise various stages of the agricultural value chain.
This resulted in more availablity of required products and services that farmers need to operate. With this support the number of farmers is now growing.
For example in contract farming companies provide the farmer with needed inputs as a loan.
At harvest produce from the farm is used to repay the loan.
This empowers the farmer to keep producing.
on march 1, the sfg corp bought 400 hats at $10 each. 2. on march 10, the sfg corp bought 600 hats at $12 each. 3. on march 15, the sfg corp bought 400 hats at $15 each 4. on march 20, the sfg corp bought 600 hats at $16 each. 5. on march 31, the sfg corp counted 500 hats remaining in inventory 6. assume that each hat that was sold, was sold for $40 each 47)compute the cost of goods sold using fifo
The cost of goods sold using FIFO is $10,600. First in, first out (FIFO) is an inventory management strategy that bases sales on first-in, first-out (FIFO) purchasing.
The FIFO (First-In, First-Out) method assumes that the first items purchased are the first ones sold. To compute the cost of goods sold using FIFO, we need to calculate the cost of the hats sold based on the order of their purchase.
1. Calculate the cost of the hats purchased on March 1: 400 hats * $10 = $4,000.
2. Calculate the cost of the hats purchased on March 10: 600 hats * $12 = $7,200.
3. Calculate the cost of the hats purchased on March 15: 400 hats * $15 = $6,000.
4. Calculate the cost of the hats purchased on March 20: 600 hats * $16 = $9,600.
To determine the cost of goods sold, we need to consider the order in which the hats were sold:
- First, use the hats purchased on March 1 until they are depleted. This totals $4,000.
- Next, use the hats purchased on March 10 until they are depleted. This totals $6,000 ($7,200 - $1,200).
- Finally, use a portion of the hats purchased on March 15 until the total number of hats sold reaches 500. This totals $600 ($1,200 * 500 / 400).
Add up these three amounts to get the cost of goods sold using FIFO: $4,000 + $6,000 + $600 = $10,600.
Therefore, the cost of goods sold using FIFO is $10,600.
Learn more about FIFO
https://brainly.com/question/17236535
#SPJ11
A judge requires Harry to make a payment to Sally. The judge says that Harry can pay her either $10,000 today or $12,000 two years from today. Of the following interest rates, which is the highest one at which Harry would be better off paying the money today?
a. 11 percent
b. 6 percent
c. 4 percent
d. 9 percent
Answer:
d. 9 percent
Explanation:
After 2 years the value of $10,000 at present time =
$10,000 * (1 + x / 100)^2 = $12,000
(1 + x / 100)^2 = 12,00 / 10,000
(1 + x / 100)^2 = 1.2
The square root of 1.2 is 1.0954
(1 + x / 100) = 1.0954
x = 9.54
9%( Approximately.)
The recommended questions when finding root causes of an accident consists of the following EXCEPT. A. What caused the workers' behaviour that contribute to the accident? B. Why cannot the workers think and are so careless in doing his job? C. Why was the work condition not checked and corrected earlier? D. Why the equipment used was not checked and maintained?
The recommended questions when finding root causes of an accident consists is except why cannot the workers think and are so careless in doing his job?. Option b is correct.
An accident is an unplanned event or occurrence that occurs, resulting in death or injury to people, damage to the environment, and damage to equipment or materials. The root cause of an accident is the main reason why an accident occurred. Identifying the root cause of an accident can help prevent it from happening again.
The recommended questions when finding root causes of an accident consists of the following:
What happened?What was the cause?What could be done to prevent it from happening again?Why the equipment used was not checked and maintained?What caused the workers' behavior that contributed to the accident?Why was the work condition not checked and corrected earlier?Therefore, b is correct.
Learn more about root causes https://brainly.com/question/17130501
#SPJ11
at point a on the demand curve shown, by what percentage will a 1 percent increase in the price of the product affect total expenditure on the product?
If a product's price goes up by 1%, the overall cost of purchasing it stays the same while the amount desired goes down.
How to determine it?To determine the percentage change in total expenditure on the product at point A on the demand curve after a 1 percent increase in price, you would follow these steps:
1. Identify point A on the demand curve and its coordinates (price and quantity demanded).
2. Calculate the original total expenditure (TE) at point A: TE = Price × Quantity Demanded.
3. Increase the price by 1 percent.
4. Use the demand curve equation to find the new quantity demanded after the price increase.
5. Calculate the new total expenditure (TE') after the price increase: TE' = New Price × New Quantity Demanded.
6. Find the percentage change in total expenditure: %ΔTE = [(TE' - TE) / TE] × 100%.
To know more about total expenditure visit:
https://brainly.com/question/13196355
#SPJ11
mountain excursions issues a bond due in 10 years with a stated interest rate of 7% and a face amount of $200,000. interest payments are made semiannually. the market rate for this type of bond is 6%. what is the issue price of the bond (rounded to nearest whole dollar)? (use pv of $1 and pva of $1) multiple choice $186,410 $163,200 $200,000 $214,878
The issue price of the bond is given as $214,878
How to solve for the issue price of the bondPresent Value of the semi-annual interest payments:
The semi-annual interest rate is 7% / 2 = 3.5%.
The market semi-annual rate is 6% / 2 = 3%.
The number of periods is 10 years * 2 (for semi-annual) = 20.
The semi-annual payment is $200,000 * 3.5% = $7,000.
200000 x 0.55 + 7000 * 14.877
= $214,878
Hence the he issue price of the bond is given as $214,878
Read mroe on Bond price here:https://brainly.com/question/29343820
#SPJ1
4. describe the steps necessary for estimating the cost of a particular activity or task that has an estimated duration.
Estimating the cost of a particular activity or task that has an estimated duration can be done by following these general steps: Determine the scope of the activity or task, Identify the resources needed, Estimate the time required, Estimate the cost of personnel, Estimate the cost of equipment and materials and so on.
Determine the scope of the activity or task: Clearly define what the activity or task entails, including any specific deliverables or outputs that are expected.
Identify the resources needed: Make a list of all the resources that will be needed to complete the activity or task, including personnel, equipment, and materials. Estimate the quantity and cost of each resource.
Estimate the time required: Estimate the duration of the activity or task, based on previous experience or available data, and break it down into smaller, more manageable sub-tasks, if necessary.
Estimate the cost of personnel: Estimate the cost of the personnel required to complete the task or activity. This includes not only the salaries or wages of the workers but also any benefits or other compensation.
Estimate the cost of equipment and materials: Estimate the cost of any equipment or materials that will be needed to complete the task or activity. This may include rental fees, purchase costs, and any maintenance or repair costs.
Calculate the total cost: Add up the estimated costs of all the resources, including personnel, equipment, and materials, to arrive at a total cost estimate for the activity or task.
Add contingency: Add a contingency factor to the total cost estimate to account for any unexpected costs or risks that may arise during the course of the project.
Review and refine the estimate: Review the cost estimate to ensure that it is accurate and complete. Refine the estimate as necessary, based on feedback or changes in the project scope or requirements.
By following these steps, you can arrive at a reasonable estimate of the cost of a particular activity or task, which can help you to plan and budget for the project accordingly.
To learn more about Determine the scope of the activity or task here:
https://brainly.com/question/14314929
#SPJ4
Corinne works in procurement for a major electronics company. One of her challenges is ensuring that raw metals, such as tungsten, coltan, and tantalum, are not being sourced from mines whose profits are used to finance war lords and terrorists. She’s very excited to work with a new company that uses _______, an incorruptible digital recordkeeping system to track these precious metals from mine to manufacturer to ensure they are not "conflict metals. ".
Corinne is excited because the company uses the public blockchain which is an incorruptible digital recordkeeping system to track these precious metals from mine to manufacturer.
What is blockchain?It should be noted that blockchain simply means a system of recording information in a way that's vital to prevent fraud.
In this case, Corinne is excited because the company uses the public blockchain which is an incorruptible digital recordkeeping system to track these precious metals from mine to manufacturer.
Learn more about blockchain on:
https://brainly.com/question/25700270
(6 marks) Janet has the production function z = (x, y) = 2√x +
√y where x and y are inputs and z is the output. Janet’s production
function is strictly concave and in
Janet's production function is given by z = 2√x + √y, where x and y are inputs and z is the output. The production function is strictly concave and increasing in both inputs.
To prove that the production function is strictly concave, we can calculate the second-order partial derivatives of z with respect to x and y. Let's denote the partial derivatives as follows:
∂z/∂x: Partial derivative of z with respect to x
∂z/∂y: Partial derivative of z with respect to y
∂²z/∂x²: Second-order partial derivative of z with respect to x
∂²z/∂y²: Second-order partial derivative of z with respect to y
∂²z/∂x∂y: Cross-partial derivative of z with respect to x and y
Taking the first-order partial derivatives:
∂z/∂x = ∂(2√x + √y)/∂x = 1/√x
∂z/∂y = ∂(2√x + √y)/∂y = 1/√y
Taking the second-order partial derivatives:
∂²z/∂x² = ∂(1/√x)/∂x = -1/(2x^(3/2))
∂²z/∂y² = ∂(1/√y)/∂y = -1/(2y^(3/2))
∂²z/∂x∂y = ∂(1/√x)/∂y = 0 (since the derivative of 1/√x with respect to y is 0)
Since the second-order partial derivatives are negative for all positive values of x and y, we can conclude that the production function is strictly concave.
The fact that the production function is strictly concave implies that as we increase the inputs x and y, the marginal productivity of each input decreases. This indicates diminishing returns to scale in production.
In summary, Janet's production function z = 2√x + √y is strictly concave, implying diminishing returns to scale in production.
To know more about function visit-
brainly.com/question/31467236
#SPJ11
Select all that apply.
Select all reasons data mining is important to businesses.
It cuts costs.
It identifies long-term goals.
It solves problems.
It increases profits.
Answer:
a,c,d
Explanation:
Read the following statements and decide in which one you think it is ?
Contact lenses for a person who wears glasses?
A. Economic good/Economic service?
B. Consumer product/Industrial product?
C. Classification(s) of consumer or industrial product?
Answer:
Uhm...C?
Explanation:
I think so I hope this helps...
After the Brown v. Board of Education decision and the Montgomery Bus Boycott, students took advantage of the legal and moral changes to insist on access to normally segregated public places such as restaurants, libraries, beaches, movies, pools, and more. These are referred to as:
After the landmark Brown v. Board of Education decision and the Montgomery Bus Boycott, a shift in attitudes towards segregation began to occur, and students across the country began to demand access to public places that had previously been segregated.
This movement, often referred to as the Civil Rights Movement, was characterized by a push for legal and moral change, and students were at the forefront of these efforts.
They insisted on equal access to public facilities such as restaurants, libraries, beaches, movies, pools, and more. This was a crucial step in the fight for equality, as it demonstrated that segregation was no longer acceptable and that people of all races should be able to enjoy the same rights and privileges.
For more about demand:
https://brainly.com/question/30692892
#SPJ4
Suppose that the U.S. was relatively capital-intensive compared to the rest of the world in 1975 and assume there were two factors of production, capital and labor. The development of containerized shipping greatly lowered the costs of international trade over the next 20 years. Who benefited from this in the United States, based on the reasoning of the Heckscher-Ohlin model? Check all that apply.
___ Owners of capital
___ Providers of labor
___ Consumers of capital-intensive products
___ Consumers of labor-intensive products
Based on the reasoning of the Heckscher-Ohlin model, the development of containerized shipping would benefit the owners of capital and the consumers of capital-intensive products in the United States.
The lowered costs of international trade would allow American firms to export capital-intensive goods more competitively, increasing the demand for capital in the US and thus driving up its price. The consumers of capital-intensive products would benefit from lower prices due to increased competition in the market. Providers of labor and consumers of labor-intensive products, on the other hand, would not benefit as much since the US is a relatively capital-intensive country. The increased competition in international trade would lower the prices of labor-intensive goods, decreasing the demand for labor in the US and thus driving down its price. However, this may vary depending on the specific industries and goods involved.
To learn more about development, visit:
https://brainly.com/question/30162993
#SPJ11
Gloria has a coffee shop and has been in business for years. She has many
customers that are regulars, but she's looking to acquire more. So far, she has
signs around the neighborhood, a TV commercial, an ad in the newspaper,
and coupons sent to everyone in the area. Which form of advertising can she
utilize now that she hasn't already?
A. Radio
B. TV
C. Signage
D. Print
Answer:
a. radio
Explanation:
The form of advertising that Gloria can utilize now that she hasn't already is Radio.
Thus, Option A is correct.
What do you mean by advertising?Advertising is described as a strategy used to gain attention to a certain product or service among the general population. A viewership is exposed to a product, brand, or service through the use of an advertisement in order to grab their attention, promote interaction, and boost sales.
Through advertising, new products, services, and ideas are introduced to consumers. In this case, it makes a reference to the introduction of items and the search for mass consumers. Advertising is a sort of marketing communication that is used to market or sell a company's goods or services. Advertising's Latin root means "to draw people's attention toward."
For more information about advertising refer to the link:
https://brainly.com/question/3163475
#SPJ5
how are wages determined in a free market?
Answer:
Classical economists argue that wages—the price of labor—are determined (like all prices) by supply and demand. They call this the market theory of wage determination. ... Long story short: the price of labor is determined in the free market just like every other price, by the intersection of supply and demand.
Explanation:
i hope it's help
mark as brainliest answer
don't forget to follow me
thanks me later
I'm beginner plss support me
stay safe
Why does the united states have limited to no trade with countries like cuba and venezuela?.
On September 4, 1961, partly in response, Congress handed the Foreign Assistance Act, a Cold War Act (among many different measures) that prohibited useful resource to Cuba and approved the President to impose a whole trade embargo towards Cuba.
What is the alternate relationship between the US and Cuba?U.S. diplomatic illustration in Cuba is handled with the aid of the United States Embassy in Havana, and there is a comparable Cuban Embassy in Washington, D.C. The United States, however, continues to preserve its commercial, economic, and economic embargo, making it unlawful for U.S. corporations to do enterprise with Cuba.
Learn more about relationship between US and Cuba here:
https://brainly.com/question/25862883#SPJ4Consider the following inventory data for two companies: Nichols Inc. Winters Inc. Beginning inventory $ 120,000 $ 150,000 Ending inventory 80,000 100,000 Purchases 240,000 310,000 Which of these companies had the higher inventory turnover ratio?
The highest inventory turnover ratio comes out to be 2.88 rimes of Company W in comparison to Company N.
What is the cost of sales?
Cost of sales, also known as cost of goods sold, is the amount of producing the goods or services which are being sold by the company.
Given values:
Particulars Company N Company W
Inventory at the beginning $ 120,000 $150,000
Inventory at the end $ 80,000 $100,000
Purchases $240,000 $310,000
Step-1 Computation of cost of goods sold of Company N:
\(\rm\ Cost \rm\ of \rm\ Goods \rm\ sold = \rm\ Beginning \tm\ Inventory+ \rm\ Purchases-Ending \rm\ Inventory\\\rm\ Cost \rm\ of \rm\ Goods \rm\ sold=\$120,000+\$240,000-\$80,000\\\rm\ Cost \rm\ of \rm\ Goods \rm\ sold=\$280,000\)
Step-2 Computation of average inventory of Company N:
\(\rm\ Average \rm\ Inventory= \frac{\rm\ Beginning \tm\ inventory+Ending \rm\ inventory}{2}\\\rm\ Average \rm\ Inventory=\frac{\rm\ \$120,000+\$80,000}{2}\\\rm\ Average \rm\ Inventory=\$100,000\)
Step-3 Computation of inventory turnover ratio of Company N:
\(\rm\ Inventory \rm\ turnover \rm\ ratio = \frac{\rm\ Cost \rm\ of \rm\ goods \rm\ sold}{\rm\ Average \rm\ inventory} \\\rm\ Inventory \rm\ turnover \rm\ ratio=\frac{\$280,000}{\$100,000} \\\rm\ Inventory \rm\ turnover \rm\ ratio=2.80 times\)
Step-4 Computation of cost of goods sold of Company W:
\(\rm\ Cost \rm\ of \rm\ Goods \rm\ sold = \rm\ Beginning \tm\ Inventory+ \rm\ Purchases-Ending \rm\ Inventory\\\rm\ Cost \rm\ of \rm\ Goods \rm\ sold=\$150,000+\$310,000-\$100,000\\\rm\ Cost \rm\ of \rm\ Goods \rm\ sold=\$360,000\)
Step-5 Computation of average inventory of Company W:
\(\rm\ Average \rm\ Inventory= \frac{\rm\ Beginning \tm\ inventory+Ending \rm\ inventory}{2}\\\rm\ Average \rm\ Inventory=\frac{\rm\ \$150,000+\$100,000}{2}\\\rm\ Average \rm\ Inventory=\$125,000\)
Step-6 Computation of inventory turnover ratio of Company W:
\(\rm\ Inventory \rm\ turnover \rm\ ratio = \frac{\rm\ Cost \rm\ of \rm\ goods \rm\ sold}{\rm\ Average \rm\ inventory} \\\rm\ Inventory \rm\ turnover \rm\ ratio=\frac{\$360,000}{\$125,000} \\\rm\ Inventory \rm\ turnover \rm\ ratio=2.88 times\)
Therefore, Company W has an inventory turnover ratio of 2.88 times which is higher than the inventory turnover ratio of Company N.
Learn more about the inventory turnover ratio in the related link:
https://brainly.com/question/13671307
#SPJ1
BI represents a bold new paradigm in which the company's business strategy must be aligned to its business intelligence analysis initiatives. Group of answer choices True False
The answer is, False.
A collection of tools (technology, applications, etc.) known as business intelligence (BI) is used to enable better business decisions. BI is a tool for achieving goals, not a goal in and of itself.BI is a crucial tool since technology is advancing quickly and steadily.For instance, it took Walmart several decades to overtake Sears as the leading retailer in the United States, but Amazon did so in only a few short years. Our world has radically transformed as a result of new technology, and no organization can afford to fall behind.What do you mean by business intelligence?Business intelligence (BI) is a technology-driven method for data analysis and information delivery that aids managers, employees, and executives in making wise business decisions.What is business intelligence give examples?BI encourages the use of historical data to promote fact-based decision making as opposed to assumptions and intuition. Data analysis is carried out by BI tools, which also produce reports, summaries, dashboards, maps, graphs, and charts to give users a thorough understanding of the nature of the business.Learn more about business intelligence here:
https://brainly.com/question/13339276
#SPJ4
When you or someone else buys clothing or items produced in a foreign country, who benefits?
Explain your answer.
Which of the following should show a profit in order for a financial institution to give a the company a loan
a) income statement
b) rent expense
c) accelerated depreciation
d) accounts receivable
Answer:
A I think not really sure hope this helps you
Jay runs a successful high-end salon downtown and is looking to open a new location in a nearby suburb. He wants to research nearby competitors before
committing. Where should the business owner go to obtain a list of nearby high-end salons?
why do many people have a fraught relationship with money?
Answer:
They often put their wants before their needs
Answer question below with 150 words:
How do the income statement and the balance sheet help management make good decisions?
Answer:
The income statement and the balance sheet are two essential financial statements that help management make informed and wise decisions. The income statement shows the performance of a company over a certain period of time by providing information on revenue, expenses, and profits. This provides management with an understanding of how their business is performing, as well as any areas that need improvement. It also helps them to measure their successes and failures, gain insights into future opportunities, and decide on how to allocate their resources.
The balance sheet, on the other hand, provides a snapshot of the company's financial position at a given moment. It shows the total assets, liabilities, and equity owned by the company, allowing management to spot any upcoming cash flow problems and devise strategies to address them. It also helps management to better understand where their assets are invested, as well as their current financial assets and liabilities.
Overall, both the income statement and the balance sheet are important tools for management when making decisions. They offer an in-depth look at the financial position of a business and enable management to effectively manage their resources and plan for the future.
which of the following is a similarity between frederick w. taylor and lillian gilbreth? question 6 options: they both used film cameras to analyze jobs. they both developed time study. they both proposed giving workers longer work hours and fewer breaks. they both strove to simplify work.
They both developed time to study. Option B
Who is Frederick W. Taylor?Generally, - Frederick Winslow Taylor was an American mechanical engineer who sought to improve industrial efficiency. He is regarded as the father of scientific management and was one of the first management consultants.
Taylor was one of the intellectual leaders of the Efficiency Movement and his ideas, broadly conceived, were highly influential in the Progressive Era.
Read more about Frederick w. taylor
https://brainly.com/question/28526422
#SPJ1