The Book the Principles of Scientific Management _____

question 7

Multiple Choice

The book The Principles of Scientific Management _____.

• A) stressed how strategy and organizational structure need to be consistent with each other in order to ensure strong firm performance
• B) offered concepts such as Five Forces Analysis and Generic Strategies that continue to strongly influence how executives choose strategies
• C) stressed how organizations could become more efficient through identifying the "one best way" of performing important tasks
• D) argued that many of the advantages that firms in developed countries like the United States, Japan, and Great Britain take for granted are disappearing
• E) emphasized student's critical thinking skills in general and the notion that multiple ways of addressing a problem could be equally successful in particular

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Definitions:

Decision Makers

Individuals or groups responsible for making choices that affect an organization's strategies and operations.

General Accounting

The comprehensive process of recording, analyzing, summarizing, and reporting the financial transactions of a business.

Annual Report

A comprehensive report detailing a company's activities and financial performance throughout the preceding year.

Managerial Accountants

Professionals who specialize in providing financial data and analysis to managers within organizations to facilitate informed business decisions.