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</p> Signup and view all the answers

    Why is a balance between work and relaxation essential?

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

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