The __________ Principle, as Defined by Henri Fayol, States That

question 91

Multiple Choice

The __________ principle, as defined by Henri Fayol, states that one person should be in charge of all activities having the same performance objective.

• A) scalar chain
• B) unity of direction
• C) unity of command
• D) classical design
• E) Hawthorne

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Definitions:

Incentive

A factor, often a reward or a penalty, that motivates individuals or organizations to perform certain actions or behave in a desired way.

Loanable Funds

Funds available for borrowing in the financial market, influenced by interest rates and savings.

Interest Rate

The fee, represented as a percentage of the principal amount, that a lender imposes on a borrower for the utilization of assets.

Lend Money

The act of giving money to another party under the agreement that it will be repaid, often with interest, at a future date.