Identify the Correct Statement About the Contribution Made by Jack

question 87

Multiple Choice

Identify the correct statement about the contribution made by Jack Welch toward management thought and practices.

• A) He is known for being the first person to discuss "management by objective" (MBO), by which a manager should be self-driven to accomplish key goals that link to organizational success.
• B) He established the need for organizations to set clear objectives and establish the means of evaluating progress toward those objectives.
• C) He contends that bureaucratic structures can eliminate the variability that results when managers in the same organization have different skills, experiences, and goals.
• D) He advocated the application of scientific methods to analyze work and to determine how to complete production tasks efficiently.
• E) He is widely viewed as having mastered "all of the critical aspects of leadership: people, process, strategy and structure."

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Definitions:

Goodwill

An intangible asset that represents the excess value paid for a company over its net identifiable assets, often arising from brand, reputation, or customer relationships.

Carrying Amount

The book value of an asset or liability, calculated as its original cost adjusted for factors such as depreciation or amortization.

Net Identifiable Assets

The aggregate of a company's assets minus its liabilities, exclusive of goodwill and other intangible assets.

Loss on Disposal

The financial loss that occurs when the selling price of an asset is less than its carrying amount at the time of disposal.