What Does Initiative Refer to as One of Henri Fayol's

question 96

Multiple Choice

What does initiative refer to as one of Henri Fayol's 14 principles of management?

• A) encouraging employees to act on their own in support of the organization's direction
• B) promoting a unity of interests between employees and management
• C) determining the relative importance of superior and subordinate roles
• D) assigning only one supervisor to each employee
• E) dividing work into specialized tasks and assigning responsibilities to specific individuals

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Definitions:

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Cash Price

The actual price a buyer pays in cash at the time of purchase, as opposed to credit purchase terms.

Hedge Position

An investment made to reduce the risk of adverse price movements in an asset, usually through derivatives like options or futures contracts.