Andy Is a Supervisor at a Web Design Company

question 269

True/False

Andy is a supervisor at a web design company.Andy has observed that most employees he supervises are more productive if he lets them have some freedom and flexibility in how they go about their work.Andy's experience is consistent with the teachings of scientific management.
Scientific management emphasized that all employees should use the most efficient methods for performing tasks,as determined by time-motion studies.In this sense,scientific management viewed employees as if they were machines that could be programmed to complete a job as efficiently as possible.

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Definitions:

Long-run Phillips Curve

An economic concept stating that in the long run, there is no trade-off between inflation and unemployment; the curve is vertical at the natural rate of unemployment.

Inflation

How rapidly the across-the-board prices of goods and services increase, impairing fiscal buying ability.

Unemployment

Unemployment occurs when individuals who are capable of working and are looking for a job are unable to find employment. It is a key economic indicator.

Money Neutral

The principle that changes in the money supply only affect nominal variables and not real variables like output in the long run.