At the Montell Company,functions Are Divided into Areas of Specialization

question 102

Multiple Choice

At the Montell Company,functions are divided into areas of specialization such as production,marketing,accounting,and finance.This type of organization reflects Fayol's principle of:

• A)unity of command.
• B)division of labour.
• C)hierarchy of authority.
• D)equity.

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Definitions:

Complex Finance

The area of finance dealing with instruments, strategies, and operations that are characterized by intricate legal, tax, or regulatory structures, often requiring advanced knowledge to understand and manage.

Behavioral Sciences

The study of human and animal behavior through observation and scientific research, aiming to understand, predict, and manage behavior.

Mental Health

A state of well-being in which an individual realizes their own abilities, can cope with the normal stresses of life, can work productively, and is able to make contributions to their community.

Human Capital Value

The economic value of a worker's experience and skills, including factors like education, training, intelligence, skills, health, and loyalty.