The Second Industrial Revolution Created a Strong Demand for Technical

question 30

True/False

The second industrial revolution created a strong demand for technical expertise,which meant that university degrees became more important than on-the-job apprenticeships.

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Definitions:

Family of Measures

A collection of metrics or indicators used collectively to assess various dimensions or components of an organization's performance, acknowledging that no single measure can capture the complexity of organizational effectiveness.

Goal-Sharing Plans

Incentive plans that reward employees when collective goals or targets set by the organization are achieved, fostering teamwork and collaboration.

Allocating Bonus

The distribution of financial rewards to employees, over and above their regular pay, based on performance criteria, company profitability, or other achievement metrics.

Goal-Sharing Bonus

A bonus system where employees receive rewards if the company achieves certain predefined goals, promoting teamwork and alignment with business objectives.