The Approach to Managing People Characterised by Clearly Defined Roles

question 66

Multiple Choice

The approach to managing people characterised by clearly defined roles, top-down control systems, hierarchical pyramid structures and an assumption that management knows best is called:

• A)production-orientation
• B)management-control
• C)production-line
• D)centralised authority
• E)devolved authority

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Definitions:

Elasticity of Demand

A measure of how much the quantity demanded of a good or service changes in response to a change in its price.

Determinant

A factor or element that causes change in an outcome or condition, often used in reference to variables that affect economic indicators.

Cross Elasticity

A measure of how the quantity demanded of one good responds to a change in the price of another good.

Perfectly Inelastic

A situation in demand or supply in which the quantity demanded or supplied does not change regardless of changes in price.