Name 5 Principles of Management as Identified by Fayol

question 59

Essay

Name 5 principles of management as identified by Fayol

Distinguish between basic and applied research.

Recognize the value and applications of program evaluation in social reforms.

Understand how scientific research contributes to explanations and predictions in behavior.

Understand the concept and implications of price elasticity of demand.

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Definitions:

Peer Groups

Social groups consisting of members who share similar ages, interests, or social status.

Lifestyle

The way in which a person or group lives, including patterns of social relations, consumption, entertainment, and dress.

Preindustrial Societies

Societies characterized by limited technological development, with economies primarily based on agriculture and craftsmanship, and lacking in industrialized production methods.

Social Necessity

Essential needs and requirements for individuals and societies to function and thrive, including shelter, healthcare, education, and security.