Many Principles of Management Are Derived from the Military Because

question 20

Multiple Choice

Many principles of management are derived from the military because:

• A)The military was really interested in managing large organizations
• B)The first books on management were written by high ranking officers
• C)Organizations behave in the same way as national armies, and can be managed with identical principles
• D)Prior to the development of business education, the military were the training ground for most business leaders, and most ideas about running large organizations were based on the military.

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Definitions:

Business Venture

A new enterprise entered into for profit, often characterized by innovation, risk, and a new market or product.

Compounded Semi-annually

The process of calculating interest on both the initial principal and the accumulated interest from previous periods twice a year.

EAR

Effective Annual Rate is the actual return on an investment or the actual interest rate of a loan, taking into account the effect of compounding interest over the period.

Calculate

To calculate means to determine the amount or number of something by using mathematical processes.