Fayol Believed That Decision-Making Authority Should Remain in the Hands

question 319

Multiple Choice

Fayol believed that decision-making authority should remain in the hands of top management

• A) in small organizations, but should be delegated to middle and first-line managers in large organizations.
• B) in large organizations, but could be delegated to middle and first-line managers in small organizations.
• C) in all types and sizes of organizations.
• D) only in organizations subjected to significant government regulation.

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Definitions:

Monthly Credit

Refers to any credit received or applied to an account each month, such as cash back from a credit card or credit for returned items.

Total Cost

The complete amount of money spent on producing or acquiring goods or services, including all variable and fixed costs.

Save Up

The act of regularly setting aside a portion of income or resources for future use or for a specific goal.

Esker

A long, winding ridge of sand and gravel deposited by meltwater streams flowing beneath a glacier.