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question 151

Multiple Choice

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Understand the implications of moving from a non-business background to considering entrepreneurship.
Understand the basic principles and theories of management, including the systems approach.
Recognize the historical development of management theories, including contributions from key figures like Henri Fayol and Frederick Taylor.
Acknowledge the significance of the historical perspective in understanding current management practices.

Definitions:

Milgram's

Refers to a series of psychological experiments conducted by Stanley Milgram, which measured the willingness of participants to obey authority figures.

Group Pressure

The psychological force exerted by a group that encourages individuals to conform to its norms and expectations.

Social Networks

The complex web of relationships and connections among individuals that can provide support, information, and social interaction.

Interconnection

The link or relationship between different parts or elements, highlighting how they influence or relate to one another within a system.

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