According to Mintzberg, Management Is a Practice, Rather Than a Science

question 29

Multiple Choice

According to Mintzberg, management is a practice, rather than a science or a profession because

• A) science is about the development of systematic knowledge through research.
• B) management follows an ethical code.
• C) the major purpose of management is to help get things done.
• D) both a & c

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Definitions:

Laffer Curve

A theoretical representation showing the relationship between tax rates and government revenue, positing that there is an optimum tax rate that maximizes revenue.

Laffer Curve

A theoretical representation of the relationship between tax rates and tax revenue, suggesting there is an optimal tax rate that maximizes revenue.

Tax Revenue

The financial proceeds that are secured by governments through the imposition of taxes.

Deadweight Loss

The loss of economic efficiency that occurs when the equilibrium outcome is not achievable or not achieved in a market.