Frederick W

question 72

True/False

Frederick W.Taylor's scientific management approach focused on intrinsic motivational elements,such as opportunities for personal satisfaction.

---

Definitions:

Amount Owing

The total sum of money that is due to be paid.

Operating Expense

An ongoing expense incurred in the operation of a business, such as rent, utilities, and salaries.

Operating Profit

Earnings before interest and taxes, calculated by subtracting operating expenses from gross profit.

Mark-up

The difference between the cost of a good or service and its selling price, expressed as a percentage over the cost.