Matrix Dress Designs Operates Using the Concept of Empowerment,where Employees

question 141

Multiple Choice

Matrix Dress Designs operates using the concept of empowerment,where employees act independently and with management facilitating rather than controlling workers. These qualities represent which management approach?

• A) Administrative principles approach
• B) Bureacratic approach
• C) Scientific management approach
• D) Humanistic approach
• E) Behavioral sciences approach

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Definitions:

Accounts Receivable Turnover

A financial ratio that measures how efficiently a company collects cash from its credit sales by dividing net credit sales by average accounts receivable.

Inventory Turnover

A measure of how frequently a company sells and replaces its stock of goods during a period, indicating the efficiency of inventory management.

Asset Management

An orderly process for building, running, maintaining, and disposing of assets in a way that minimizes expenses.

Profitability

A measure of the efficiency of a company in generating profits from its operations, often expressed as a percentage of revenues.