Which of the Following Approaches to Management Was Advocated by Henry

question 49

Multiple Choice

Which of the following approaches to management was advocated by Henry Gantt?

• A) the contingency approach
• B) using mathematical models to investigate the decision situation
• C) using human relations skills to manage workers
• D) work specialization and unity of command
• E) task-scheduling and rewarding innovations

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Definitions:

Common Equity

The amount of funds contributed by shareholders plus the retained earnings within a company, representing ownership in the business.

Net Income

The net earnings a company obtains once all costs and taxes are subtracted from its income.

Net Cash Flow

The measure of a company's financial health, showing the cash generated or used in its business activities during a specific timeframe, restated to avoid repetition.

Net Income

Net income is the total profit of a company after all expenses, taxes, and costs have been subtracted from total revenue.