Henri Fayol's principles of management are
A. opposed to the division of labor in principle.
B. no longer considered a useful theory of management.
C. strongly based on Weber's theory of management.
D. based primarily on the belief that authority should be concentrated at the top of the chain of command.
E. the bedrock on which much of recent management theory and research is based.
Answer: E
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Fill in the blank(s) with the appropriate word(s).
Management accountability is the manager's responsibility to the various stakeholders of the company to maximize profits
Indicate whether the statement is true or false
Net working capital is defined as ________
A) total assets minus total liabilities B) total liabilities minus total assets C) current liabilities minus current assets D) current assets minus current liabilities
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