Describe the fundamental ideas underlying the classical viewpoint to management, and give at least one example of a modern practice that has its roots in this view. Compare and contrast its two approaches.
What will be an ideal response?
The classical viewpoint is based on the assumption that people are rational. The essence of the classical viewpoint was that work activity was amenable to a rational approach, that through the application of scientific methods, time and motion studies, and job specialization it was possible to boost productivity. The classical viewpoint also led to such innovations as management by objectives and goal setting, as we explain elsewhere.
The two major approaches are the scientific management approach and the administrative approach.
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Jordon and Heidi share income equally. For the current year, the partnership net income is $40,000 . Jordon made withdrawals of $14,000, and Heidi made withdrawals of $15,000 . At the beginning of the year, the capital account balances were: Jordon, capital, $40,000? Heidi, capital, $58,000 . Jordon's capital account balance at the end of the year is
a. $68,000 b. $54,000 c. $74,000 d. $46,000
Which of the following statements is true about the economies of Africa?
A) South Africa's main export is oil. B) Nigeria is an upper-middle income country. C) Nigeria and South Africa, account for over two-thirds of sub-Saharan African GDP. D) South Africa is the largest country in Africa, and has a lower-middle income economy.
________ is (are) collected in a standard format and made available to all subscribers
A) Basic data B) Complex data C) Written data D) Standardized information E) Syndicated data
Sales promotion programs targeted at marketing intermediaries such as wholesalers, distributors, and retailers are part of
A. trade-oriented sales promotion. B. consumer-oriented sales promotion. C. intrinsic sales promotion. D. user-oriented sales promotion. E. bait-and-switch sales promotion.