How Have Formal Organizations Changed Over the Course of the Twentieth

question 83

Essay

How have formal organizations changed over the course of the twentieth century? Describe the ideal formal organization in the eyes of scientific management analyst Frederick Taylor, who wrote his business principle a century ago. How and why do today's more flexible organizations strive to be different from those described by Taylor?

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Definitions:

Recognize Gain

To report the increase in value of an asset when it is sold or disposed of, for tax purposes.

Partnership Basis

The amount invested in a partnership by the partners, used to determine gain or loss upon withdrawal or dissolution of the partnership.

Section 179 Expense

A U.S. tax code provision allowing businesses to deduct the full purchase price of qualifying equipment or software within a tax year instead of capitalizing and depreciating it over time.

Raul's Basis

This term is not a standard-tax related term or widely recognized financial concept. Likely refers to the basis of an investment or asset specific to an individual named Raul, which generally means the cost of the asset for tax purposes.