Logan Is Reading the Online Report of the Tuition and Fees

question 42

Multiple Choice

Logan is reading the online report of the tuition and fees he owes for this semester of college. Since he has signed up for online banking, he pays the amount immediately. The amount Logan just paid is considered to be

• A) his expenses.
• B) his charges.
• C) his bill.
• D) the price.
• E) the exchange valuations.

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Definitions:

Frank and Lillian Gilbreth

Pioneers in the field of industrial engineering, known for their studies in time and motion, and for improving workplace efficiency and productivity.

Incentive Wage Plans

Compensation systems that link a portion of employees' pay to their performance or productivity, aiming to motivate higher levels of output or quality.

Unity of Command Principle

A management principle stating that each employee should report to only one manager, to avoid confusion and conflict in instructions and authority.

Scientific Management

A theory in management focusing on improving economic efficiency, especially labor productivity, by systematically analyzing workflow and processes.