Frank and Lillian Gilbreth used the technique of time and motion study to expand on Taylor's motion studies. They further refined the analysis of work processes by breaking tasks into individual motions, studying their sequence and efficiency, and introducing innovative methods such as motion-picture recording and ergonomic principles.
Frank and Lillian Gilbreth were management consultants and pioneers in the field of industrial engineering. They were contemporaries of Frederick Taylor, who is known as the father of scientific management. Building upon Taylor's work, the Gilbreths focused on analyzing and optimizing work processes by studying the movements and motions involved in performing tasks.
The technique they employed was called time and motion study. Time and motion study involves breaking down a task into its individual motions and analyzing the sequence, duration, and efficiency of each motion. By carefully observing and measuring the time required for each motion, the Gilbreths aimed to identify inefficiencies and find ways to streamline the work process.
The Gilbreths introduced several innovations to enhance their time and motion study methodology. They developed techniques such as using motion-picture cameras to record and analyze work processes, creating charts and diagrams to visualize the flow of work, and introducing ergonomic principles to design more efficient workstations and tools.
Their contributions expanded on Taylor's focus on optimizing individual tasks and added a more detailed analysis of the motions involved in performing those tasks. By improving work processes and reducing unnecessary movements, the Gilbreths aimed to increase productivity, reduce fatigue, and enhance worker well-being.
Frank and Lillian Gilbreth utilized the technique of time and motion study to build upon Taylor's motion studies. Their contributions significantly contributed to the development of industrial engineering and the optimization of work processes.
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Diana's gross pay was $890 and her total deductions were $89. What is her net pay?
Explanation:
Greetings !
Diana's gross payment - Her deductions = Her net payment.
Thus, $890-$89=801$=Net payment of Diana.
Hope it heps!
The computer-linked price quotation and trade execution system is called?
The computer-linked price quotation and trade execution system is commonly known as an electronic trading platform (ETP). [ETP] This platform facilitates the real-time display of prices, enables traders to place orders, and executes trades electronically.
An electronic trading platform (ETP) is a computer-based system that connects buyers and sellers in financial markets. It provides traders with access to a wide range of financial instruments, such as stocks, bonds, commodities, and derivatives. The ETP displays real-time price quotations for these instruments, allowing traders to monitor market movements and make informed decisions.
Traders can enter buy or sell orders directly into the system, which matches their orders with corresponding counterparties. Once a trade is executed, the ETP automatically updates the trading records and notifies the involved parties. This system streamlines the trading process, improves efficiency, and reduces the need for manual intervention. ETPs are widely used in various financial markets, including stock exchanges, futures exchanges, and foreign exchange markets, enabling market participants to access liquidity and execute trades swiftly.
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Suppose that you could either prepare your own tax return in 8 hours or hire a tax specialist to prepare it for you in 2 hours. You value your time at $20.00 an hour; the tax specialist will charge you $45 an hour. The opportunity cost of preparing your own tax return is
The is that the opportunity cost of preparing your own tax return is the value of the next best alternative that you are giving up, which in this case is the value of the time you could have spent doing something else.
To calculate the opportunity cost, we need to compare the value of preparing your own tax return with the value of hiring a tax specialist.
If you prepare your own tax return, it would take you 8 hours, and since you value your time at $20.00 an hour, the value of your time spent on preparing the tax return would be 8 hours x $20.00/hour = $160.00.
On the other hand, if you hire a tax specialist, it would take them 2 hours to prepare the tax return, and they charge $45.00 per hour. So, the cost of hiring the tax specialist would be 2 hours x $45.00/hour = $90.00.
Therefore, the opportunity cost of preparing your own tax return is $160.00 - $90.00 = $70.00. This means that by preparing your own tax return, you are giving up the opportunity to earn or save $70.00 by doing something else with your time.
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One cost of starting your own business is
A. Loan payments on a small business loan
B. Escrow
C. Revenue
D. PMI
Answer:
A. Loan payments on a small business loan
Explanation:
One cost of starting your own business is loan payments on a small business loan.
What does a risk mean in regard to investments?
A. Uncertain outcomes
B. Certain outcomes
C. High rate of return
D. Low rate of return
E. Both A and C
regard to investments?
F. Both B and D
Every investment-related uncertainty that has the potential to have a negative influence on your financial well-being is referred to be a risk.
What are risk mean in regard to investments?
It is the possibility of losing the money invested if the security's fair price drops. Higher returns are offered by riskier securities. Market risk is a major component of the risk, but it is not the only one. Other risk categories include inflation risk, reinvestment risk, and credit risk, among others. For instance, market circumstances might influence the value of your investment to increase or decrease (market risk).
Market risk, credit risk, operational risk, strategic risk, liquidity risk, and event risk are just a few of the categories into which risks may be divided. One of the risk categories with the highest priority for every firm is financial risk. Financial risk is a result of market fluctuations, which may be influenced by a variety of causes.
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is your last chance to make sure your document is ready to carry your message-and your reputation to the intended audience.
What you give up in the future to make a purchase today?
When you make a purchase today, you give up the ability to use that money for something else in the future as investment. This is known as the opportunity cost of a decision.
What's better, purchase or investment?The decision between making a purchase or investing the money depends on the individual's goals and priorities for investment A purchase may provide immediate satisfaction and the opportunity cost to use the item or service right away. A purchase may not provide long-term financial benefits. Investment money can provide potential long-term financial gains, but it also involves some level of risk. investment money may not provide immediate satisfaction. It is important to consider both short-term and long-term goals when making a decision about whether to make a purchase or opportunity cost of the money. It's important to weigh the potential benefits and drawbacks of each option. It's recommended to consult with a financial advisor before making any investment decisions.
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Select the correct answer.
From the following balances of Casper Inc., calculate the free cash flow of Casper Inc.
From the given balances of Casper Inc., the free cash flow of Casper Inc. can be calculated as $917,000. Hence the correct option is c.
Give a brief account on free cash flow.Free cash flow (FCF) refers to the cash a company generates after accounting for cash outflows in order to support its business and maintain its fixed assets. Unlike earnings and net income, free cash flow is a measure of profitability, excluding non-cash expenses on the income statement and including spending on equipment and assets, and changes in working capital from the balance sheet. increase.
Free cash flow = Net operating profit after taxes - Net investment in operating capital.
Net operating profit after taxes = Cash flow from operating activities
Net investment in operating capital = Sale of machinery + Dividend paid
Free cash flow = 1,000,000 - (30,000 + 53,000)
Free cash flow = 1,000,000 - 83,000
Free cash flow = $ 917,000
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Debt financing: (select all that apply)
is a loan
must be repaid
gives an investor equity in your company
has no risk to the borrower
Except for the C option, all pertain to the context of debt financing. Lenders who provide debt financing are only eligible for capital plus interest payback.
Which is most preferably between Debt Financing and Debt Equity by Companies?
The main reason businesses choose debt financing over equity financing is that debt financing preserves company ownership, whereas equity financing, such as selling shares and common stocks, gives investors a continuing equity stake in the company in exchange for shareholder voting rights and dilutes the ownership of the company's owners.
Debt financing is the process by which a business raises funds by offering investors debt instruments. Equity finance, which involves issuing stock to raise money, is the reverse of debt financing. When a company sells fixed income securities like bonds, bills, or notes, debt financing takes place.
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Jackson is working late at night on a project that is due the next day. he is not sure how to print his word document, and it is too late to call or text his teacher. what what is the best option for Jackson?
Decided not to print the document
Provide negative feedback to office online
Type a question in the "tell me what to do" box
View accessibility options
Answer:
Type a question in the “Tell me what you want to do” box.
Explanation:
Did the test myself and got it right.
Answer:
click the tell me what to do box
Explanation:
Most Solutions, Inc., issued 10% bonds, dated January 1, with a face amount of $480 million on January 1, 2021. The bonds mature in 2031 (10 years). For bonds of similar risk and maturity the market yield is 12%. Interest expense is recorded at the effective interest rate. Interest is paid semiannually on June 30 and December 31. Most recorded the sale as follows: January 1, 2021 Cash (price) 424,942,080 Discount on bonds (difference) 55,057,920 Bonds payable (face amount) 480,000,000 Required: What would be the amount(s) related to the bonds that Most would report in its statement of cash flows for the year ended December
Answer:
Cash inflow (Financing activity) = $424,942,080
Cash outflow (Operating activity) = $48,000,000
Explanation:
According to the scenario, computation of given data are as follows,
First we calculate the cash inflow from financial activities, so
Cash inflow (Financing activity) = Cash from Bonds sale or cash (Price)
= $424,942,080
Now we calculate cash outflow from operating activities, then
Cash outflow (Operating activity) = Face amount of bonds × Bonds percentage
= $480,000,000 × 10%
= $48,000,000
which geologic hazard occurs in all 50 states and causes $1 billion to $2 billion in damages annually?
Landslides is the geologic hazard occurs in all 50 states and causes $1 billion to $2 billion in damages annually.
What is a landslide?The landslide can be defined to be the movement of the mass of rock that would cause the downward sloping movement of the soil and the rock that is underneath.
Gravity is the main cause of landslides. They are a form of what is called land wasting. Hence we can say that Landslides is the geologic hazard occurs in all 50 states and causes $1 billion to $2 billion in damages annually.
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Identify the problem by analyzing the given scenario. An IT software company is losing market share because it fails to launch new products in a timely manner. Decisions are centralized at the top, and employees have little or no voice. One way to solve this problem is to use teams to eliminate ____ in the company.
Explanation:
to eliminate their best efforts in the company
Answer:
"bureaucratic barriers"
Explanation:
i got it right on plato
outline 2 advantages to H&H of using secondary market research
Leadership students will collaborate with each other to plan, decide, and execute events - how do you manage disagreements between yourself and others?
Think about the possible responses and your response to them. By defusing the issue, try to reduce your stress. Consider the advantages that the person could choose. You should modify what you say to fit their communication style.
What role does the leader have in negotiations and conflict resolution?Effective leaders know how to bring contentious situations into the open in order for all parties to begin working toward a settlement that will benefit everyone. They resolve conflicts in a way that makes it possible to develop enduring relationships.
Why is it important for leaders to resolve conflicts?This maintains commercial links while enabling parties to a dispute to learn more about one another. Good conflict resolution programs also help people get back to work since unresolved disagreements usually reduce focus and productivity at the office.
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which item is reported significantly differently by government hospitals than by nongovernment, not for profit hospitals?
It seems that one item reported significantly differently by government hospitals than by non-government, not-for-profit hospitals is the amount of uncompensated care provided.
Government hospitals typically report higher levels of uncompensated care, as they often serve a larger proportion of low-income or uninsured patients.
In contrast, non-government, not-for-profit hospitals may have more resources and private funding, allowing them to provide care to a broader range of patients, resulting in lower levels of uncompensated care reported.
Government hospitals receive funding from federal and state governments, while not-for-profit hospitals rely on charitable contributions, donations, and grants.
As a result, government hospitals may have more limited financial resources, leading to a higher level of uncompensated care provided to uninsured or underinsured patients.
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Harry agreed to pay $100 to rent a rooftop spot in downtown Seattle to watch the New Year's Eve festivities. The festivities were unexpectedly canceled because of concern over a terrorist attack. Harry is
Harry is not obligated to pay under the frustration of purpose doctrine.
Purpose doctrineSince the festivities was canceled unexpectedly due to concern over a terrorist attack, Harry is not obligated to pay $100.
Hence, Based on frustration of Purpose doctrine harry will not be obligated to pay the rent rooftop because he is not liable for the festivities cancellation.
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Which is an example of specialty media?
a) T-shirts with a store logo on them
b) A satellite television ad
c) A "midnight madness" sale
Answer:
a) T-shirts with a store logo on them
Hope it helps...
What do most business people think is the primary purpose of business?
A. To fix the problems of society
B. To invest all profits back into the business
C. To protect private property
D. To generate wealth
The most business people think generating wealth is the primary purpose of business. Therefore, option D is the correct option.
What is business?Businesses are economic activities. The activity of the business is performed by the people either in order to make money or to make simply a living. The activity of the business is performed by manufacturing goods, producing services, buying, and selling.
The major purpose of business is to earn profits. However, some businesses are in social service as well, they produce goods and services for the betterment of the society and the environment. Also, corporate social responsibility, which is paid by the business to the government helps in many ways.
The majority of businesspeople believe that making wealth is the main goal of their industry. As a result, choice D is the best one.
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immediately upon receipt of cash, a responsible employee should
Immediately upon receipt of cash, a responsible employee should prepare a remittance listing
A remittance listing is a document that provides a detailed breakdown of cash received and the associated payments or transactions. It helps in accurately recording and documenting the cash received and ensures proper reconciliation with the company's financial records. While it is generally considered a good practice for responsible employees to prepare a remittance listing promptly after receiving cash, the specific procedures may vary depending on the company's policies and internal controls.
Here are the general steps involved in preparing a remittance listing:
Count and verify the cash: Upon receiving cash, the responsible employee should carefully count and verify the amount to ensure it matches the stated payment or transaction.Gather necessary information: Collect all relevant details related to the cash received, such as the payer's name, payment method, invoice or account number, and any additional relevant information required for accurate record-keeping.Prepare the remittance listing: Create a document or spreadsheet where you can record the details of each transaction. Include columns for the payer's name, payment amount, payment method, invoice or account number, and any other relevant fields based on your company's requirements.Enter the information: Enter the collected information into the remittance listing document for each transaction, ensuring accuracy and completeness. Double-check the entries to minimize errors.Reconcile the listing with cash received: Verify that the total cash amount recorded in the remittance listing matches the actual cash received. This step helps identify any discrepancies or errors that may have occurred during the counting or recording process.Submit for review and approval: Once the remittance listing is prepared and reconciled, it should be submitted to a supervisor or the appropriate authority for review and approval. This step ensures accountability and provides an opportunity for oversight and verification.Maintain proper documentation: Retain a copy of the remittance listing along with any supporting documents, such as receipts or payment slips, for future reference and audit purposes. Organize the documents securely as per your company's record-keeping policies.Remember, it's important to follow your company's specific procedures and internal controls when preparing a remittance listing. These steps serve as a general guideline, but the exact process may vary based on your organization's policies and requirements.
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Which of the following is NOT a basic statistic?
Mean
Area
Median
Mode
the answer is AREA (b) bcos all the other are general basic statists
A federal grant to states to assist in the building of new public schools is an example of a ________ grant.
What are some factors that would influence supply? Explain
Answer:
6 Factors Affecting the Supply of a Commodity (Individual Supply) |
Price of the given Commodity: ADVERTISEMENTS: ...
Prices of Other Goods: ...
Prices of Factors of Production (inputs): ...
State of Technology: ...
Government Policy (Taxation Policy): ...
Goals / Objectives of the firm:
Explanation:
Please mark as brain list
China Set to Topple U.S. As Biggest Economy Sooner After Virus" Bloomberg (January 14, 2021). Such a comparison of the size of economies is based on_________.
Answer:
the GDP.
Explanation:
The GDP (gross domestic product) is the sum of all goods and services produced within an economy, excluding the value of the goods and services used up in production. There are three methods for measuring an economy's GDP. They are the income method, the expenditure method, and the production(output) method. The income method calculates the gross income for all the factors of production (rent, wages, interest, and profit). The expenditure method calculates the GDP to be equal to consumption + government spending + Investment + net exports. The production or output method uses the product value-added approach to compute the GDP.
the production possibilities curve differs from economy to economy based on all of the following except:
The factors that do affect the shape of the PPC include:
1. Resource availability
2. Technological progress
3. Specialization and trade
4. Economic growth
The production possibilities curve (PPC) is a graphical representation of the different combinations of goods and services that an economy can produce given its resources and technology. It shows the maximum potential output that can be achieved by reallocating resources between the production of two goods.
The PPC can vary from economy to economy based on several factors. However, there is one factor that does not affect the shape of the PPC. This factor is the slope of the curve.
The slope of the PPC represents the opportunity cost of producing one good in terms of the other. It shows how much of one good must be given up to produce an additional unit of the other good. The steeper the slope, the higher the opportunity cost.
The factors that do affect the shape of the PPC include:
1. Resource availability: If an economy has abundant resources, it can produce more of both goods, leading to an outward shift of the PPC. Conversely, if resources are scarce, the PPC will shift inward.
2. Technological progress: Advances in technology can improve the efficiency of production, allowing an economy to produce more output with the same amount of resources. This leads to an outward shift of the PPC.
3. Specialization and trade: If an economy specializes in producing goods for which it has a comparative advantage, it can trade with other economies to obtain goods that it cannot produce efficiently. This can lead to an increase in overall output and an outward shift of the PPC.
4. Economic growth: Over time, economies can experience economic growth, which results in an increase in the available resources and technological advancements. This leads to an outward shift of the PPC.
In conclusion, the factors that affect the shape of the PPC include resource availability, technological progress, specialization and trade, and economic growth. The slope of the PPC, however, does not affect its shape and is determined by the opportunity cost of production.
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A firm sells 2000 units at £500 each. If fixed costs are £50,000 and variable costs are £100 per unit, calculate the total costs
Answer: £ 250,000
Explanation:
Given: Fixed costs = £50,000
Number of units=2000
Variable cost per unit = £100
Since Total variable cost = (Number of units) x (Variable cost per unit)
=2000 x ( £100)
= £200,000
We know that,
Total cost = Total fixed cost +Total Variable cost
= £ (50,000 + 200,000)
= £ 250,000
Hence, the total costs = £ 250,000
Mention any 4 criteria that a human resource manager should consider about job applicants.
The correct answer to this open question is the following.
Although there are no options attached, we can comment on the following.
The criteria that a human resource manager should consider about job applicants are the following.
1.- Technical expertise in their fields.
Candidates must show they have the experience for the position they are applying for.
2.- Accountability.
Managers should prove that candidates are responsible people and own the consequences of their decisions and actions.
3.- Commitment.
Managers have to realize that candidates are willing and able to show appreciation and commitment to the company. Their work must be a priority and should be dedicated to it.
4.- Communication.
Employees should show their communications abilities and capacity to accept criticism.
during which phase of the business cycle would there most likely be a shortages of workers in certain skill areas?a. troughb. peakc. contractiond. expansion
During the expansion phase (d) of the business cycle, there would most likely be shortages of workers in certain skill areas. An expansion is a period of economic growth characterized by increased production, employment, and consumer spending.
As businesses grow and demand increases, they require more skilled workers to meet the needs of their customers and maintain productivity.
However, finding workers with the right skills might become difficult due to increased competition for talent among companies. This can lead to shortages in specific skill areas, as the demand for skilled workers exceeds the supply. Companies may struggle to fill positions and may need to invest in employee training or offer competitive wages and benefits to attract qualified candidates.
These shortages may persist until the business cycle enters its peak phase (b), where economic growth begins to slow down, and the demand for workers may decrease as companies become more cautious in their hiring practices. At that point, the labor market may become more balanced, and the shortages in skill areas may start to alleviate.
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10)
How might a mission statement help Donna with her new
business?
A mission statement can help Donna with her new business by providing clarity and direction for her venture. It serves as a guiding statement that outlines the purpose, values, and goals of the business.
It helps Donna align her decisions, actions, and strategies with the overall mission, facilitating focus and consistency in her business operations. A mission statement is a concise statement that articulates the purpose and core values of a business. It outlines what the business aims to achieve and how it intends to operate. For Donna, having a mission statement for her new business can provide several benefits.
Firstly, it helps Donna define the purpose and direction of her business. It clarifies the reason for starting the business and what it aims to accomplish, providing a sense of focus and clarity.
Secondly, a mission statement helps Donna communicate her business's values and principles to stakeholders, including employees, customers, and investors. It sets the foundation for building a strong company culture and aligning everyone's efforts toward a common goal.
Lastly, a mission statement can serve as a guide for decision-making and strategy development. When faced with choices or challenges, Donna can refer to her mission statement to ensure that her actions align with the overall purpose and values of her business.
A mission statement plays a crucial role in helping Donna with her new business by providing clarity, guiding decision-making, and aligning stakeholders toward a common vision.
In conclusion, a mission statement can significantly benefit Donna in her new business. It provides clarity and direction, communicates values to stakeholders, and guides decision-making and strategy development. By establishing a mission statement, Donna can effectively define her business's purpose and goals, foster a strong company culture, and make informed decisions that align with her business's overall mission. This helps create a solid foundation for success and growth in her new venture.
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The process of connecting jobs and departments into a coordinated, cohesive whole is known as:
a. structuring. b. enlargement. c. simplification. d. integration.
The process of connecting jobs and departments into a coordinated, cohesive whole is known as integration.
What is integration?Integration is a process of merging several small components or information from different subsystems together under a system that functions as one.
In business, there are five different types of integration such as - Horizontal integration, Vertical integration, Forward integration, Backward integration, and Conglomeration.
Horizontal integration is a process where businesses from the same industry which are at the same stage of production are merged to grow the market share.
Vertical integration is a process where a business merges with another similar business that is at the earlier stage of production.
Forward integration is a process where a business merges with another business that is further up in its supply chain.
Backward integration is a process where the business is merging another business that operates earlier in its supply chain.
Conglomeration is the process where a business acquires different unrelated firms together to diversify and expand the business in different areas.
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