Examlex
Billing customers electronically will decrease the total collection time for a firm.
Specialization
The process of focusing on and becoming an expert in a particular area of knowledge, skill, or activity.
Motion Study
The science of reducing a task to its basic physical motions.
Performance Incentive
A reward system designed to motivate employees to achieve higher levels of performance.
Scientific Management
A theory developed by Frederick W. Taylor, focusing on improving economic efficiency and labor productivity through systematic procedures and empirical studies.
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