Around ________, the Greeks Recognized Management as a Separate Art

question 82

Multiple Choice

Around ________, the Greeks recognized management as a separate art and advocated a scientific approach to work.

• A) 4000 BC
• B) 500 BC
• C) 400-350 BC
• D) 1100 BC
• E) 2000 BC

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Definitions:

Intangible Costs

Expenses or costs that are not easily quantifiable, including things like brand value, intellectual property, or goodwill.

Variable Costs

Costs that change in direct proportion to sales.

Price Elastic

Refers to how sensitive the demand for a product is to changes in its price; high elasticity indicates demand significantly changes with price adjustments.

Price Inelastic

Describes a situation where the demand for a product does not significantly change with a change in its price.