Examlex
Which of the following is a guideline suggested by Frederick Winslow Taylor,the mastermind of the idea of scientific management?
Initial Deposit
The first amount of money placed into an account or investment, serving as the starting balance from which future transactions are measured.
No Further Deposits
A restriction placed on a bank account or investment that prevents additional funds from being added.
Compounded Annually
A method of calculating interest where the amount earned is added to the principal at the end of each year, so that the interest for the next year is calculated on the increased principal.
Interest
The charge for borrowing money or the return on investment for funds on deposit, expressed as a percentage of the principal.
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