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Explain Why Profits and a Positive Rate of Return on Investment

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Explain why profits and a positive rate of return on investment matter in any industry.Explain how they provide industrialists with the incentive to provide the services most valued by their customers.Illustrate using the experiences of the railroad industrialists.


Definitions:

Collegiality

A cooperative relationship between colleagues, characterized by respect, empathy, and professionalism.

Critical Path

The sequence of stages or tasks that determines the minimum time needed to complete a project or operation.

PERT Chart

A project management tool used to schedule, organize, and coordinate tasks within a project.

Delayed

Occurring later than expected or intended; postponed.

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