Examlex
Describe what fund accounting is and why is it used for not-for-profit organizations.
Economic Man
A theoretical concept in economics that depicts an individual as a rational and self-interested agent, making decisions to maximize their utility.
Frederick W. Taylor
An American engineer and management consultant who is known as the father of scientific management, focusing on efficiency and labor productivity.
Piece Rates
A payment method in which a worker is paid a fixed rate for each unit produced or action performed, regardless of time.
Unity of Direction
A management principle suggesting that all parts of an organization should be aligned and moving towards common objectives.
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