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What Is Scientific Management? What Principles Were Stressed by Taylor

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What is scientific management? What principles were stressed by Taylor?


Definitions:

Liability Account

An accounting record of amounts owed by a business to creditors, typically categorized as current or long-term liabilities.

Bank Service Charge

Fees charged by banks for handling specific types of transactions, account maintenance, or services rendered.

Note Receivable

A written promise that requires one party to pay a specified sum of money to another party on a set date or on demand.

Depositor's Account

A financial account held at a bank or financial institution, into which a depositor can deposit and withdraw money.

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