Toward the end of the Industrial Revolution, in the late 19th century, several university programs offering management and business education were founded, including the Wharton School at the University of Pennsylvania. Establishment of these programs
A. occurred despite the inability of quantitative management to accurately model management problems.
B. was expected under the administrative management approach.
C. was an acknowledgment of management as a formal discipline.
D. required federal government funding.
E. reflected economies of scale.
Answer: C
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