Tom, the manager of floral shop, is interested in implementing the principles of administrative management, which involves
A. doing time-motion studies.
B. focusing on unprofitable parts of an organization.
C. increasing synergy.
D. managing the total organization.
E. implementing MBO.
D. managing the total organization.
Administrative management is concerned with managing the total organization. Among the pioneering theorists were Henri Fayol and Max Weber.
You might also like to view...
Experienced salespeople should assume product or service failure is always the user's fault.
Answer the following statement true (T) or false (F)
Which ratio will increase when accounts payable is not recorded?
a. Accounts payable/Inventory b. Quick assets/Current liabilities c. Accounts payable/COGS d. Accounts payable/Total liabilities
Health insurance policies generally require the insured to pay up to a certain amount each year before the insurer's payment obligation begins. This specific amount, which is a set amount established by federal law, is known as the deductible.
Answer the following statement true (T) or false (F)
Under the value-to-book model a firm will be valued below book value when
a. the ROCE is greater than RE b. the ROCE is equal to RE c. the ROCE is less than RE d. the firm's growth rate is above the industry average