If Companies Follow the Theories of Fayol and Weber,which of the Following

question 364

Multiple Choice

If companies follow the theories of Fayol and Weber,which of the following scenarios is likely to result?

• A)Organization design will be benefit by the emergence of quick decision-making
• B)Organization design will eliminate systems of hierarchy and chains of command due to their hindrance of esprit de corps
• C)Organizations that grow will develop several layers of management and the time that it takes to make a decision will increase
• D)There will be a significant reduction of work force due to specialization and departmentalization

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Definitions:

Welfare Impact

Welfare Impact refers to the effect on the overall well-being of individuals or communities, often assessed when considering economic policies or market changes.

Subsidy Policy

A government initiative to support or financially assist a sector, reducing costs or encouraging production and consumption.

Government Cost

Expenses incurred by governmental bodies in the execution of policies, projects, and provision of public services.

Producer Surplus

The difference between what producers are willing to accept for a good or service and the actual price they receive.