How Did Fayol and Taylor Differ in Orientation in Their

question 43

Multiple Choice

How did Fayol and Taylor differ in orientation in their management theories?

• A) Taylor stressed the management of operative work and Fayol emphasized the management of organization.
• B) Taylor stressed on proper planning, while Fayol paid attention to the technical details of management.
• C) Fayol emphasized management's role in an organization, while Taylor focused on coordination of operations.
• D) Fayol stressed on an incentive system for better output, while Taylor emphasized better working conditions.
• E) Taylor paid attention to scientific research, while Fayol emphasized the human element at the workplace.

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Definitions:

IAS 20

A regulation named "Accounting for Government Grants and Disclosure of Government Assistance" under International Accounting Standards.

Government Grant

Financial assistance provided by the government to entities, usually in the form of cash or tax breaks, with specific conditions for use.

Performance Obligation

A commitment in a contract to transfer a distinct good or service to a customer, which is a fundamental concept in revenue recognition.

AASB 141

An Australian Accounting Standard that deals with the agricultural activity, providing guidance on the accounting for agricultural produce and the land on which agriculture is conducted.