Workplace Efficiency

Micromotion Study
Micromotion study refers to the analysis of a series of very short motions succeeding each other so rapidly that the eye confuses them, often used for the reconstruction of an action through an analysis of its micromotions.
Peter Principle
The Peter Principle is a management theory that observes individuals tend to rise in every hierarchy through promotion until they reach a level at which they are no longer competent. This theory was formulated by Dr. Lawrence J. Peter and Raymond Hull in the book 'The Peter Principle: Why Things Always Go Wrong.'
Stretchout
Stretchout refers to two distinct concepts: accelerating the work pace without additional compensation for workers and extending the time needed to pay for a purchase.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.