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:

Sinking Fund

A fund established by a company to set aside revenue over time for the purpose of paying off debt, replacing assets, or cover future expenses.

Bond Issue

The process by which a government or corporation raises funds by selling bonds to investors.

Periodic Payments

Payments made or received regularly over a set period of time, often in context with loans or annuities.

DBRS

DBRS is a globally recognized credit rating agency that provides independent assessments of the creditworthiness of companies and sovereign entities.