A Key Element of Frederick Taylor's Approach Was the Time

question 245

True/False

A key element of Frederick Taylor's approach was the time and motion study,which examined the tasks performed to complete a job and the time needed to complete each task.

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Definitions:

Fraudulent Misrepresentation

The act of deliberately misleading or deceiving another party with false statements or information, leading to their detriment on reliance of such misrepresentation.

Economic Duress

A situation where one party is forced into a contract or agreement under threats, making the consent given not truly voluntary.

Net Average Annual Profit

The average profit of a business over a specified period, after all expenses, taxes, and costs have been deducted.

Material Fact

A fact that could influence the decision of a reasonable person or is likely to affect the outcome of a case, contract, or transaction.