Which One of Fayol's 14 Principles of Management States That

question 5

Multiple Choice

Which one of Fayol's 14 principles of management states that a person should report to only one manager?

• A) unity of direction
• B) unity of command
• C) division of work
• D) division of authority

Comprehend the principles of market failures, including externalities and inefficiencies.

Differentiate between economic systems (capitalism, socialism, communism) and their approaches to production and distribution.

Recognize the role of government in correcting market failures and providing public goods and services.

Identify the factors that contribute to government failures and their implications.

---

Definitions:

Reliability

The extent to which a measurement instrument yields consistent and stable outcomes across different occasions.

Validity

Validity is the extent to which a test or instrument accurately measures what it is intended to measure.

Sexual Drives

The biological and psychological energies or forces that motivate individuals to seek out and engage in sexual activities.

Conflicting Wishes

Desires or hopes that are in opposition to one another, making it difficult to satisfy both.