Theories Developed About the Efficiency and Effectiveness of Organizations Were

question 23

Multiple Choice

Theories developed about the efficiency and effectiveness of organizations were written by

• A) Frederick Taylor.
• B) Chester Barnard.
• C) Max Weber.
• D) All of the answer choices are correct.
• E) None of the answer choices is correct.

---

Definitions:

Fiscal Year

A one-year period used for accounting and financial reporting purposes, which may or may not align with the calendar year.

Discounted Note

A promissory note or loan that is sold or issued at a price lower than its face value, with the difference serving as interest earned by the lender.

Interest Charged

The cost incurred by borrowing money, calculated as a percentage of the principal amount loaned.

Discounted Note

A financial instrument representing a promise to pay, which is sold for less than its face value before maturity.