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It Was More Than a Century Ago That an Engineer

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It was more than a century ago that an engineer named Frederick Taylor walked into factories and starting timing workers with a stop watch. He dissected their movements, and organized them more efficiently. He turned factory production into a science. Suppose work was completed in the factory based on what the floor manager decided and workers were paid a base daily wage plus a bonus when they produced more than expected. How does this firm organize production?


Definitions:

Vertical Axis

The y-axis in a chart or graph, which often represents the range of the dependent variable.

Slope

The rate at which a line inclines or declines, showing the relationship between two variables in a graph, calculated as the rise over the run.

Graph

A graph is a visual representation of data, showing relationships between variables typically through lines, bars, or points.

Relationship

How two or more thoughts, entities, or persons are associated, or the status of being associated.

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