Answer the following statements true (T) or false (F)

1. Under the differential rate system proposed by Frederick Taylor, employees should be paid on the basis of seniority. 
2. Administrative management is most concerned with the jobs of individuals. 
3. The first person to identify the major functions of management was Henri Fayol.
4. Bureaucracy, as conceptualized by Max Weber, was his ideal way to structure an organization. 


1. FALSE
Taylor suggested employers institute a differential rate system, in which more efficient workers earned higher wages.
2. FALSE
Scientific management is concerned with the jobs of individuals. Administrative management is concerned with managing the total organization.
3. TRUE
Fayol was the first to identify the major functions of management of planning, organizing, leading, and controlling, as well as coordinating, the first four of which provide the framework for most management books.
4. TRUE
To German sociologist Max Weber, a bureaucracy was a rational, efficient, ideal organization based on principles of logic.

Business

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If the merchandise costs $5,000, insurance in transit costs $250, tariff costs $75, processing the purchase order by the purchasing department costs $25, and the company receiving dock personnel cost $20, what is the total cost charged to the merchandise?

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As indicated by Maslow's need hierarchy, people may respond favorably to

a. appeals that focus on promises of best price and the need to find a bargain. b. appeals that fulfill physiological, security, and safety needs. c. appeals that fulfill social, ego, and self-actualizing needs. d. both b and c.

Business

The uninsured motorist coverage only covers when the accident is an insured's fault

Indicate whether the statement is true or false

Business