Gantt Was One of the First Management Pioneers to State

question 79

Multiple Choice

Gantt was one of the first management pioneers to state publicly the:

• A) social responsibility of management and business.
• B) separation of management involvement from production.
• C) interdependence of management and labor.
• D) importance of harmony and unity in an organization.
• E) need for formal channels of communication.

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Definitions:

Gain

A financial increase resulting from a transaction that exceeds the cost or value of the item sold or exchanged.

Direct Method

A way of preparing the cash flow statement where actual cash flows from operating activities are listed directly.

Operating Activities

Business activities related to the day-to-day functions of producing goods or offering services, impacting the company's cash flow.

Going Concern

An accounting principle that assumes a company will continue to operate and remain in business for the foreseeable future.