______________, from the Principles of Management Developed by Fayol, Explains

question 1

Short Answer

______________, from the Principles of Management developed by Fayol, explains that by specializing in a limited set of activities, workers become more efficient and increase their output.

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Definitions:

Social Security Tax

A tax that funds the Social Security program, which provides retirement, disability, and survivors' benefits.

Salary

Regular payments usually made monthly or bi-weekly to an employee, often annualized, for performing a job.

Payroll Taxes

Levies charged to both employers and workers, determined as a proportion of the wages that businesses distribute to their personnel.

Federal Government

The national government of a federated state, which holds the authority to govern at a national level as distinct from regional or local levels.