Mary Parker Follett Contributed to Which Field

question 91

Multiple Choice

Mary Parker Follett contributed to which field?

• A) Humanistic approach
• B) Scientific management approach
• C) Total quality management approach
• D) Quantitative approach to management
• E) Systems approach to management

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Definitions:

Price Level

An indicator of the mean cost of goods and services within an economy at a particular moment.

Money-Supply Curve

A graphical representation showing the relationship between the quantity of money supplied and the interest rate.

Open-Market Sale

The selling of government securities in the open market to reduce the money supply and control inflation.

Equilibrium Value

The point where supply equals demand in a market, resulting in a stable price and quantity for goods and services.