The Theory of Administration (Fayol) Suggests That Managers Should Rigidly

question 95

True/False

The theory of administration (Fayol) suggests that managers should rigidly follow its principles of management.

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Definitions:

Annual Interest

The total amount of interest due over the course of a year on a loan or financial product.

Interest Expense

The cost incurred by an entity for borrowed funds over a period of time, typically reported on the income statement.

Semiannual Interest

Interest calculated and paid on a loan or bond two times a year.

Straight-line Method

A method of calculating depreciation of an asset by evenly spreading its cost over its useful life.