One of the Earliest Attempts to Improve Worker Efficiency Was

question 90

Multiple Choice

One of the earliest attempts to improve worker efficiency was made in 1923 by an engineer who sped up production by standardizing work routines and by stressing careful planning,control,and orderliness?

• A) Fredrick Taylor
• B) Douglas McGregor
• C) Irving Janis
• D) John Holland

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Definitions:

Equal Annual Withdrawals

A method of evenly distributing the total amount of an investment or asset over a fixed number of years.

Compounded Annually

A method of calculating interest where the earned interest is added to the principal at the end of each year, increasing the amount that will earn interest in the following year.

Acquisition Cost

Refers to all of the costs involved in acquiring a new asset or company, including the purchase price and all associated expenses.

Deferred Ordinary Annuity

An annuity contract that begins payments at a specified future date, as opposed to immediately after the initial investment.