Rank the Following in Terms of Their Contribution to Industrialization

question 22

Essay

Rank the following in terms of their contribution to industrialization: cotton gin, principle of interchangeable parts, the Erie Canal, and the development of the railroads in the North and West. Justify your ranking.

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Definitions:

Organizational Productivity

The measure of how efficiently and effectively an organization uses its resources to achieve its goals.

Gain Sharing

A performance-based compensation model where employees receive bonuses or rewards based on the productivity improvements or successes of their organizational unit.

Skill-Based Pay

A compensation system that rewards employees for the skills and knowledge they possess, rather than the position they hold.

Performance Pay

A compensation strategy that links employees' salary or wages directly to their performance or achievements in the workplace.