Time Management for Business Profitability Quiz

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Questions and Answers

Why is wasted time considered lost money?

  • Because wasted time reduces profitability
  • Because employees are not being productive
  • Because employees are not being paid for the wasted time
  • Because wasted time leads to inadequate return on investment (correct)

What does the proverb 'time is money' emphasize?

  • The importance of being productive
  • The need to balance work and relaxation
  • The need to prioritize time over money (correct)
  • The importance of working long hours

How can a break during work hours add value to time?

  • By allowing employees to relax and have fun
  • By increasing the overall productivity
  • By reducing the number of hours worked
  • By revitalizing the mind and body (correct)

What is the benefit of ensuring a diligent use of time?

<p>Reduced cost per labor hour (C)</p> Signup and view all the answers

Why is a balance between work and relaxation essential?

<p>To prevent burnout and maintain productivity (C)</p> Signup and view all the answers

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