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One of the Earliest Attempts to Improve Worker Efficiency Was

question 41

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One of the earliest attempts to improve worker efficiency was made in 1923 by an engineer who sped up production by standardizing work routines and by stressing careful planning, control, and orderliness. This engineer was


Definitions:

Break-Even Default Rate

The rate at which the losses from defaulted loans equal the income generated from interest payments in a lending portfolio.

Net 30 Credit Policy

A common credit term indicating that payment is due in full 30 days after the goods are dispatched or a service is completed.

Monthly Interest Rate

The rate of interest applied to a loan or earned from an investment throughout a one-month timeline.

Sales Price

The amount for which something is sold or the price that a buyer pays for a product or service.

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