Association of Chartered Certified Accountants (ACCA) Certification Practice Test

Frederick Taylor is best known for which management theory?

1. Behavioral Theory

2. Administrative Management Theory

3. Scientific Management Theory

4. Human Relations Theory

The correct answer is: Scientific Management Theory

Frederick Taylor is best known for the Scientific Management Theory, which focuses on improving economic efficiency and labor productivity through systematic study and analysis of workflows. Taylor introduced principles aimed at optimizing tasks and work processes, such as the standardization of work methods, time studies to determine the most efficient ways to perform tasks, and a clear chain of command in workplace structures. His approach emphasized the scientific analysis of work and advocated for empirical data to dictate management practices rather than relying on traditional methods or personal intuition. The goal was to increase productivity and reduce inefficiencies in the workplace, ultimately leading to greater output and profitability for organizations. This theory has laid the foundation for many modern management practices and methodologies, influencing a broad range of industries and establishing a framework for later management theories.