The Book, "The Principles of Scientific Management," Was a Response

question 91

True/False

The book, "The Principles of Scientific Management," was a response to Taylor's observation that most tasks within organizations were organized in a haphazard way.

---

Definitions:

Wear Out Allowance

A depreciation method that factors in the reduction of an asset's value due to physical wear and tear over time.

Investments

The allocation of resources, typically money, in the expectation of generating an income or profit.

National Income

The total value of all goods and services produced by a country's economy over a specific period, including income from abroad, indicating economic health.

Salaries

Regular payments made by an employer to an employee, usually on a monthly or biweekly basis, for professional services rendered.