In the Context of Scientific Management, Which of the Following

question 39

Multiple Choice

In the context of scientific management, which of the following is true of Frederick Taylor's contributions?

• A) Taylor believed that supervisors would be motivated to provide training to underperforming workers.
• B) Taylor created the Gantt chart, which helps managers plan projects by task and time to complete those tasks.
• C) Taylor developed a system to lower costs and increase worker productivity by showing how employees could work smarter, not harder.
• D) Taylor eventually focused less on the technical and more on the human side of management.
• E) Taylor advocated the use of the differential piecerate system.

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Definitions:

Working Capital

Working Capital is the difference between a company's current assets and current liabilities, indicating its short-term financial health and operational efficiency.

Net Operating Cash Flows

The cash generated from the normal operations of a business, excluding capital expenditures and investment income.

Production Equipment

Machinery and tools that are used in the process of manufacturing goods.

Discount Rate

The interest rate used to discount future cash flows to their present value, assessing the attractiveness of an investment.