What Was the Purpose of Rules and Standard Procedures as Developed

question 46

Multiple Choice

What was the purpose of rules and standard procedures as developed by Weber?

• A) to help managers get tough with lazy employees
• B) to keep managers in their positions of control and power
• C) to enable activities to be performed in a predictable and routine manner
• D) to punish anyone who got out of line

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Definitions:

Salvage Value

The expected salvage value of an asset after it has served its useful life.

Service Life

The expected period during which an asset remains usable, functional, or productive before it requires replacement or major repair.

Capitalize Interest

The process of adding the cost of interest on a loan to the balance of the loan instead of paying it out.

Accumulated Expenditures

The total amount of money spent on a project or investment over a period of time, often related to capital projects.