The Purpose of Weber's and Fayol's Principles Was for the Benefit

question 89

True/False

The purpose of Weber's and Fayol's principles was for the benefit of management, as opposed to pleasing customers.

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Definitions:

Internal Rate of Return

A financial metric used to estimate the profitability of potential investments, calculated as the rate at which the net present value of costs equals the net present value of benefits.

Discount Factor

A multiplier used to determine the present value of a future cash flow, reflecting the time value of money.

Cash Inflows

The total amount of money coming into a business from various sources, such as sales, investments, and financing activities.

Intangible Benefits

Advantages or gains that cannot be easily measured or quantified, such as brand reputation or employee morale.