A Manager Who Believes That Efficiency Is the Most Important

question 7

Multiple Choice

A manager who believes that efficiency is the most important aspect of an organization has which management style?

• A)Classical
• B)Behavioral
• C)Systems theory
• D)All of the above

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Definitions:

Market Equilibrium

The condition in a market where the quantity of a product demanded by consumers equals the quantity supplied by producers, resulting in a stable price.

Good

A tangible product that satisfies human wants or needs and can be transferred or traded.

Sellers

Sellers refer to individuals or entities that offer goods or services for sale to consumers or other businesses in the market.

Buyers

Participants in the market who purchase goods or services for consumption or investment.