Henri Fayol Was the First to Develop a Comprehensive Theory

question 8

True/False

Henri Fayol was the first to develop a comprehensive theory of management that covered six principles, including production of goods, financial and commercial analysis, security, accounting, and managerial coordination.

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Definitions:

Readability Ratings

A measure indicating how easy or difficult a text is to read, often based on factors like syntax, vocabulary, and sentence structure.

Textbook Price

The financial cost associated with purchasing academic textbooks, often noted for being significantly high.

Correlation Coefficient

A statistical measure that calculates the strength and direction of a linear relationship between two quantitative variables.

Negative Correlation

A relationship between two variables in which one variable increases as the other decreases, and vice versa, indicating an inverse relationship.