Taylorism has been described as
a. dehumanizing.
b. the exploitation of labor.
c. using science to increase production.
d. All of the above are correct.
e. Only b and c are correct.
Question 2According to the mercantilists, colonies were supposed to export ________ and import ________ from _______.
a. manufactured products, raw materials, the mother country.
b. raw materials, manufactured products, countries outside the empire.
c. manufactured products, raw materials, countries outside the empire.
d. raw materials, manufactured products, the mother country.
Question 3Frederick Taylor
a. studied the movements of workers as they performed job tasks.
b. advocated the use of incentives for superior performance.
c. carried on experiments to determine the optimum size and weight of tools.
d. developed principles pertaining to the correct routing of work and accurate scheduling of production orders.
e. All of the above.
Question 4The aims of mercantilists do not include
a. achieving power and wealth for the state.
b. achieving political and economic unity.
c. keeping artisans in the home country.
d. All of the above were aims of the mercantilists.
Question 5Frederick W. Taylor argued that worker efficiency could be improved by
a. analyzing in detail the movements required to perform a job.
b. offering employees quarterly stock options.
c. encouraging employees to form company unions.
d. introducing to a 5-hour/day, 7-day/week schedule
Question 6A nation practicing mercantilism aims to
a. keep the government out of the economy.
b. establish an excess of exports over imports.
c. balance imports with exports.
d. replace gold and silver with paper money.
e. reduce the size of the military sector.
Question 7Mass production integrates
a. continuous flow and interchangeable parts.
b. economies of scale and scientific management.
c. the McCallum principles.
d. the Taylor premises.
Question 8According to the principle of comparative advantage,
a. a country will benefit by specializing in the production of goods in which it has a relatively lower cost of production.
b. a country will benefit by specializing in the production of goods in which it has a relatively higher cost of production.
c. a country will benefit by importing goods in which it has a relatively low opportunity cost.
d. a country will benefit by becoming economically self-sufficient.
Question 9Henry Ford is most recognized for:
a. inventing new technology to further the steel production process.
b. developing the first investment banks.
c. implementing the first progressive, moving assembly-line system for large, complex final products.
d. playing an integral role in developing the first American factory.
Question 10If a product exhibits increasing returns to scale, then the average cost of making the product will ______ as its production decreases?
a. increase.
b. decrease.
c. remain the same.
d. there is insufficient information provided to answer the question.
Question 11The McCallum management principles advocate the use of
a. time-motion study to determine the most productive way to perform job-tasks.
b. employee stock-purchase programs.
c. internal accounting systems and performance evaluations.
d. leveraged buy-outs to increase the firm's control of an industry.
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