_____ Developed the 14 Principles of Management

question 42

Multiple Choice

_____ developed the 14 principles of management.

• A) Henri Fayol
• B) Max Weber
• C) Frank Gilbreth
• D) Elton Mayo

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Definitions:

Accounts Payable Period

The average number of days it takes a company to pay off its suppliers and creditors.

Operating Cycle

The time period between the acquisition of inventory by a company and the receipt of cash from the sale of that inventory.

Payables Turnover

A financial efficiency ratio that measures how quickly a company pays off its suppliers by comparing net purchases to average accounts payable.

Inventory Turnover

Inventory Turnover is a measure of how often a company sells and replaces its stock of goods within a certain period, indicating efficiency in managing inventory.