Which of the Following Is a Subfield of the Classical

question 135

Multiple Choice

Which of the following is a subfield of the classical management perspective that emphasized scientifically determined jobs and management practices as the solution to improving labor productivity?

• A) Human relations movement
• B) Behavioral sciences approach
• C) Management science
• D) Systems thinking
• E) Scientific management

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Definitions:

Expectations Hypothesis

A theory in finance that explains the structure of interest rates by suggesting that the long-term rate can be determined by current and future expected short-term interest rates.

Interest Rates

Interest rates are the cost of borrowing money or the reward for saving, typically expressed as a percentage of the principal, which borrowers pay to lenders or financial institutions.

Inverted Yield Curve

A situation in the bond market where long-term debt instruments have a lower yield than short-term debt instruments, often seen as an indicator of economic recession.

Long-term Interest Rates

Interest rates applied to loans or debt securities with longer maturity dates, generally over ten years.