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The question "Did the ordinary shareholders receive an adequate return on their investment?" is answered through the use of
Interchangeable Parts
Components designed to be exactly similar so they can be easily replaced or assembled without customization.
Manufacturing
The process of producing goods by transforming raw materials into finished products, using labor, machinery, and chemical processing.
Scientific Management
A theory of management that analyzes and synthesizes workflows to improve economic efficiency, especially labor productivity, pioneered by Frederick Taylor.
Scientific Management
A management theory focusing on improving efficiency and labor productivity through scientific studies of tasks.
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