Which Type of Management Is Henri Fayol Responsible for Developing

question 103

Multiple Choice

Which type of management is Henri Fayol responsible for developing?

• A)bureaucratic  
• B)administrative  
• C)operations  
• D)contingency

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Definitions:

Opportunity Cost

The cost of missing out on the next best alternative when making a decision.

Present Value

The current value of a future sum of money or stream of cash flows, given a specified rate of return.

Network Design

The planning and optimization of a network's physical, financial, and operational capacities to achieve desired objectives.

Marginal Benefit

The additional satisfaction or utility a consumer receives from consuming one more unit of a good or service.