Henri Fayol Identified Five Functions of Managers: Planning, Organizing, Commanding

question 116

True/False

Henri Fayol identified five functions of managers: planning, organizing, commanding, coordinating, and controlling.

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Definitions:

Absolute Advantage

The ability of an individual, company, or country to produce a good or service more efficiently than competitors using the same amount of resources.

Comparative Advantage

The ability of an individual, company, or country to produce a good or service at a lower opportunity cost than competitors.

Brazilian Worker

An individual employed in Brazil, facing economic, social, and labor market conditions unique to the country, including various labor laws and economic challenges.

Hot Dogs

A grilled or steamed sausage served in the slit of a partially sliced bun.