8. The value of resources the firm owns, minus the amount of money the firm owes

Question

8. The value of resources the firm owns, minus the amount of money the firm owes to others = A. liabilities. B. liquidity. C. leverage. D. owners' equity The 9. company. A. retained earnings B. stockholder's equity C. intangible assets D. notes payable account on the balance sheet shows profits that the firm has reinvested in the 10. One of the elements essential to Frederick Taylor's approach to improving worker productivity was: A. teamwork B. a hierarchy of needs C. rules of work. D. open communication. 11. Frank and Lillian Gilbreth developed the principle of could be broken down into a series of elementary motions A. motion economy B. marginal productivity C. division of labor D. micro-motion analysis which said that every job 12. The Hawthorne studies concluded that worker motivation

Explanation / Answer

8.

D.

It is the owner’s equity and liability that equal to the asset side in the balance sheet.

9.

A.

It is the retained earning that is kept out of the profit and reinvestment in suitable projects by the organization.

10

C.

Frederick Taylor gave the theory of scientific management that applied the rules of work to improve the productivity.

11.

A

It is also called as time and motion study and is closely linked with the scientific management.

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