It Was More Than a Century Ago That an Engineer

question 322

Multiple Choice

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 workers were paid a wage based on how much they produced. How does this firm organize production?

• A) through the command system
• B) through a mixed command and incentive system
• C) through the incentive system
• D) through the market system

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Definitions:

Poverty Line

An absolute level of income set by the federal government for each family size below which a family is deemed to be in poverty.

Absolute Standard

A measure or criterion that is not influenced by external factors and remains constant over time.

In-kind Transfers

Non-monetary goods and services provided by governments to individuals in need, such as food stamps or housing assistance.

Standard of Living

The degree of wealth, comfort, material goods, and necessities available to a person, group, or society.