It was more than a century ago that an engineer named Frederick Taylor walked into factories and starting timing workers with a stop watch. He dissected their movements, and organized them more efficiently

He turned factory production into a science. Suppose work was completed in the factory based on what the floor manager decided and workers were paid a base daily wage plus a bonus when they produced more than expected. How does this firm organize production? A) through the command system
B) through the incentive system
C) through the market system
D) through a mixed command and incentive system

D

Economics

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Peanut butter and jelly are complements. If the price of peanut butter increases, the demand for jelly will increase

Indicate whether the statement is true or false

Economics

Which of the following are expected consequences of common ownership of property and resources?

(a) The threat of corrupt use (b) The danger of over use (c) Free riding (d) All of the above

Economics