It Was More Than a Century Ago That an Engineer

question 26

Multiple Choice

It was more than a century ago that an engineer named Frederick Taylor walked into factories and starting timing workers with a stop watch. He dissected their movements, and organized them more efficiently. The monitoring tool, the 21st century equivalent of Taylor's stopwatch, is the computer. Those of us who use them produce rivers of data describing the hours of our work day. Suppose modern firms pay employees based on the quantity of work completed each day as monitored through computers by managers. How would this solve the principal-agent problem?

• A) Through employee incentive pay
• B) Through employee ownership
• C) Through employee long-term contracts
• D) Through employee monitoring

---

Definitions:

Core Angiosperms

A group within the angiosperms (flowering plants) that includes most of the common and well-known flowering plants.

Amborella Trichopoda

A flowering plant species considered to be among the most primitive of living angiosperms, providing insights into the early evolution of flowering plants.

Flowering Plants

Plants that produce flowers for reproduction, scientifically known as angiosperms, characterized by seeds enclosed within fruit.

Fossil Record

The collection of fossils, which serves as historical documentation of past life and environments on Earth.