Plummer Construction Has Three Employees

question 129

Multiple Choice

Plummer Construction has three employees.Bob,the owner,does design,ordering,and customer interface.Paul and Bobby do demolition and construction with Paul specializing in the detailed trim work and Bobby responsible for clean up.With which of the following management approaches do their actions most agree?

• A) Management science
• B) Contingency theory
• C) Administrative management
• D) The bureaucratic perspective
• E) Scientific management

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Definitions:

Product Name

The title given to a merchandise or service to distinguish it from other offerings.

Trademark

A distinguishable symbol, pattern, or phrase that differentiates the goods or services of a specific origin from those of other sources.

Oligopolists

Firms or individuals that dominate a particular market, leading to a market structure known as oligopoly, where a few entities control the majority of market share.

Undistributed Profits

Profits earned by a company that are not paid out as dividends to shareholders but are retained within the company for reinvestment.