During Frederick W

question 130

Multiple Choice

During Frederick W. Taylor's pig iron handling experiments, he claims to have dramatically improved output by

• A) having the workers rest more than they worked.
• B) cutting the size of the standard iron "pig" in half.
• C) eliminating half the walking distance.
• D) automating the process to eliminate human labor.
• E) hiring only weight lifters.

Recognize the impact of perception and worldview on creativity.

Appreciate the significance of serendipity and insight in the creative process.

Identify characteristics of creative people.

Understand how organizational rules and groupthink can impact creativity.

---

Definitions:

Total Equity

The total value of an entity's assets after subtracting its liabilities, representing the owners' residual interest in the company.

Straight-Line Method

A method of calculating depreciation or amortization by evenly spreading the cost of an asset over its useful life.

Interest Semiannually

A payment structure for bonds or loans where interest payments are made twice a year.

Market Rate

The prevailing interest rate available in the marketplace for securities or loans.