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List Three of the Basic Ideas of Scientific Management

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List three of the basic ideas of scientific management.


Definitions:

Individual Project

A specific, defined task or study designed to achieve particular goals within a given timeframe, typically involving a detailed plan and execution by one or more individuals.

Weighted Average

An analysis that incorporates the diverse levels of relevance of the numbers within a dataset.

Discount Rate

The discount rate applied in discounted cash flow analysis to calculate the current value of expected future cash flows.

Investment Project

A project undertaken by an individual or company involving an investment of resources aimed at generating financial returns.

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