Which Management Theorist Would Most Likely Have Said, "The Success

question 61

Multiple Choice

Which management theorist would most likely have said, "The success of an enterprise generally depends much more on the administrative ability of its leaders than on their technical ability"?

• A) Henri Fayol
• B) Mary Parker Follett
• C) Max Weber
• D) Chester Barnard
• E) Lillian Gilbreth

---

Definitions:

Operating Expenses

Costs associated with the day-to-day operations of a business, excluding costs directly linked to the production of goods or services.

Gross Profit Rate

A profitability ratio that indicates how well net sales cover administrative and selling expenses.

Rate of Return

The gain or loss on an investment over a specified period, expressed as a percentage of the investment's cost.

Inventory Turnover Ratio

An asset management ratio that indicates how quickly inventory moves off the shelf and therefore how well a company sells its product.