Taylorism attempted to use scientific principles to better handle which aspect of business?

• A. Tax compliance procedures
• B. Labor management and efficiency
• C. Inventory valuation methods
• D. Financial reporting standards

Answer: (B)

Verified step by step guidance

1. Understand the concept of Taylorism: Taylorism, also known as scientific management, is a theory developed by Frederick Winslow Taylor. It focuses on improving labor productivity and efficiency through systematic observation and analysis of work processes.
2. Identify the key aspect of business Taylorism addresses: Taylorism is primarily concerned with labor management and efficiency, aiming to optimize workflows, reduce waste, and increase productivity.
3. Eliminate unrelated options: Tax compliance procedures, inventory valuation methods, and financial reporting standards are not directly related to the principles of Taylorism.
4. Focus on the correct answer: Taylorism applies scientific principles to labor management and efficiency, making it the correct choice in this context.
5. Review the reasoning: Ensure the understanding that Taylorism is about improving worker performance and operational efficiency, not financial or tax-related aspects of business.