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Taylor Pioneered a System in Which Workers Could Earn a Bonus

question 52

True/False

Taylor pioneered a system in which workers could earn a bonus in addition to the piece rate if they exceeded their daily production quota.


Definitions:

Public Imagination

The collective thoughts, ideas, and fantasies of the public about current or future possibilities.

Inc. 500

An annual ranking of the 500 fastest-growing private companies in the United States, published by Inc. magazine.

Formal Business Plans

Detailed documents that lay out the objectives, strategies, market analysis, and financial forecasts of a business, designed to guide operations and attract investment.

Scalable Business Model

A business model designed to allow growth and expansion without significant increases in costs or complexity.

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