Which of the Following Is a Key Principle of Chester

question 46

Multiple Choice

Which of the following is a key principle of Chester Barnard's ideas about organizing?

• A)Individual behaviour is rarely predictable.
• B)Effective and efficient communication is central to decision making.
• C)Authority only exists in so far as people are willing to accept it.
• D)all of these

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Definitions:

Herfindahl Index

The Herfindahl Index is a measure of market concentration, calculated by summing the squares of the market shares of all firms in the industry.

Clayton Act

A U.S. antitrust law passed in 1914, aimed at promoting competition and preventing monopolies by prohibiting certain actions that could lead to anti-competitive practices.

Antitrust Authorities

Governmental bodies responsible for enforcing laws that promote competition and regulate against monopolistic and unfair business practices.

Conglomerate Merger

A type of merger where two or more companies in unrelated business sectors combine.