Which of the Following People Were Responsible for First Articulating

question 37

Multiple Choice

Which of the following people were responsible for first articulating the four functions of management in 1916?

• A) Henry Mintzberg
• B) Henri Fayol
• C) Henry Ford
• D) Frederick Herzberg

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Definitions:

Unemployment

The situation when individuals who are capable of working and willing to work are unable to find employment.

Economic Resource

Resources utilized in creating goods and services, including land, labor, capital, and entrepreneurship.

Business Checking Account

A bank account designed for business transactions, allowing companies to easily manage their cash flow, pay bills, and deposit earnings.

Production Possibilities Curve

A graph that shows the various combinations of outputs that an economy can possibly produce, given the available factors of production and technology.