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Taylor observed that most wage systems were based on attendance and position,without providing sufficient impetus for employees to produce more than required.
Franchise
A business model that allows individuals to own and operate a branch of a larger company using its name, trademarks, and products.
Standards and Methods
Established procedures and guidelines designed to achieve consistency, reliability, and quality in executing tasks or manufacturing products.
Legal Person
An individual or organization that has legal rights and obligations, including the ability to enter into contracts, sue, and be sued.
Civil Legal Capacity
The ability of an individual to enter into legal agreements and contracts and to sue or be sued.
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