What Is Frederick Taylor Famous For

question 62

Multiple Choice

What is Frederick Taylor famous for?

• A)developing time and motion studies  
• B)being first to define the functions of managers  
• C)developing the 14 principles of management  
• D)creating the principles of scientific management

---

Definitions:

Margin

Generally refers to the difference between the selling price of a good or service and its cost, expressed as a percentage of the selling price.

Residual Income

The income that remains after deducting all required costs of capital from operating income, used as a measure of profitability.

Margin

Margin refers to the difference between the selling price of a good or service and its cost of production, usually expressed as a percentage of the selling price.

Return On Investment

A gauge of an investment's profit, expressed as the return percentage in comparison to the cost of the investment.