Emmanuel Is a Supervisor at a Private Retail Store Where

question 5

Multiple Choice

Emmanuel is a supervisor at a private retail store where employee productivity is high and turnover is low. He strongly believes that the secret to his store's success is rewarding the accomplishment of the worker financially. This belief best fits within which school of management thought?

• A) The functional approach
• B) The human relations approach
• C) The systems approach
• D) The scientific management approach

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Definitions:

Marginal Utility

The change in total utility generated by consuming one additional unit of a good or service.

Uncertain Income

Income that is not guaranteed or predictable, often varying significantly over time or depending on specific conditions.

Constant

A value that does not change and remains steady within a specified context.

Expected Value

The anticipated value for an investment or gamble, calculated as the sum of all possible outcomes weighted by their associated probabilities.