A "Dairy Farm" View of Management, I

question 85

Multiple Choice

A "dairy farm" view of management, i.e., contented cows give more milk, so satisfied workers will give more work was espoused by the:

• A) human relations movement.
• B) human resource perspective.
• C) behavioural science approach.
• D) management science perspective.
• E) None of these.

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Definitions:

Net Income

The total profit of a company after all expenses and taxes have been deducted from its total revenue.

Assets and Liabilities

Assets are resources owned by a business or individual offering future economic benefits, while liabilities are obligations that deplete resources.

Financial Position

Financial position refers to the status of a company's assets, liabilities, and equity at a specific point in time, as represented in the balance sheet.

Owners' Equity

The residual interest in the assets of an enterprise after deducting liabilities, representing the ownership's claim on the company's assets.