The Principle That Similar Activities in an Organization Should Be

question 67

Multiple Choice

The principle that similar activities in an organization should be grouped together under one manager is the essence of the classical perspective known as:

• A) unity of command.
• B) division of work.
• C) unity of direction.
• D) scalar chain.
• E) quality management.

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Definitions:

Deregulation

Deregulation is the process of removing or reducing government restrictions and regulations in industries to encourage more competition and efficiency.

Regulatory Capture

A situation where regulatory agencies are dominated by the very industries they are charged with regulating, leading to favorable outcomes for the industry.

Regulatory Agency

An agency, commission, or board established by the federal government or a state government to control the prices charged and the services offered by a natural monopoly or public utility.

Principal-Agent Problem

A dilemma in economics where one party (the agent) is supposed to act in the best interest of another party (the principal) but may have different goals.