________ Was One of the First to Recognize That Organizations

question 106

Multiple Choice

________ was one of the first to recognize that organizations could be viewed from the perspective of individual and group behavior.

• A) Robert Owens
• B) Hugo Munsterberg
• C) Chester Barnard
• D) Mary Parker Follett

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Definitions:

Net Operating Income

This is the total profit of a company after operating expenses are subtracted from operating revenues but before income from investments and taxes are considered.

Operating Loss

The loss incurred when a company's operating expenses exceed its revenues, indicating that its core business operations are not profitable.

Year 1

Refers to the first year in a given context, often used in financial projections, company performance analysis, or product lifecycle evaluation.

Absorption Costing

This accounting approach involves including every manufacturing expense, such as direct materials, direct labor, and both fixed and variable overheads, in the product's final price.