Henri Fayol's Belief in Managers Having the Right to Give

question 23

Multiple Choice

Henri Fayol's belief in managers having the right to give orders reflects which of his principles of management?

• A) division of Labor
• B) discipline
• C) authority
• D) unity of command

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Definitions:

TIPS

Treasury Inflation-Protected Securities, a type of U.S. government bond designed to help protect investors from inflation, as the principal value adjusts with inflation.

PIKs

Short for "Payment in Kind," a type of financing or loan where the borrower can pay interest or dividends with additional securities instead of cash.

Mortgage Bond

A type of bond secured by a mortgage on one or more assets, offering the bondholder a claim against the assets in case of default.

Securities

Financial instruments that represent an ownership position in a corporation (stocks), a creditor relationship with a governmental body or a corporation (bonds), or rights to ownership as represented by an option.