Frederick Taylor's Work Led to a Fundamental Change in Management

question 46

Multiple Choice

Frederick Taylor's work led to a fundamental change in management philosophy.The change

• A)was understanding that managers could not influence the output levels of employees.
• B)was understanding that repetitive activities are the direct result of job generalization.
• C)paved the way for today's automation and standardization.
• D)was increasing the complexity of jobs in the workplace for greater productivity.

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Definitions:

President

The head of state and head of government in a republic, typically elected to lead the country's executive branch and implement national laws and policies.

Board of Governors

The leading body of a central bank in many countries, responsible for overseeing the management and operations of the bank.

Federal Reserve

The central banking system of the United States, responsible for managing the nation's monetary policy and regulating its financial institutions.

Open Market Operations

Activities undertaken by a central bank, such as the buying or selling of government securities, to control the money supply and interest rates.