Examlex
Which of the following statements concerning prizes and awards is/are correct?
I.Most all prizes and awards are exempt from taxation.
II.Employee awards of tangible, personal property for length of service are at least partially excludable.
III.Any prize or award received can be excluded if it is given to a governmental or charitable organization.
IV.Employee awards for safety achievements are always excluded from income.
Optimum Cutting Tool Speeds
Optimum cutting tool speeds refer to the ideal rate at which a cutting tool should operate to efficiently cut material while minimizing wear and tear on the tool.
Frederick W. Taylor
An American mechanical engineer who sought to improve industrial efficiency and is known as the father of scientific management.
Time and Task Study
A methodical analysis designed to optimize the efficiency of tasks and time utilization.
Henry L. Gantt
Henry L. Gantt was an American mechanical engineer and management consultant who developed the Gantt chart, a graphical scheduling tool for project management.
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