Fayol's ________ Principle States That Each Worker Should Report to One

question 90

Multiple Choice

Fayol's ________ principle states that each worker should report to one, and only one, boss.

• A) division of labor
• B) unity of command
• C) esprit de corps
• D) comparative advantage

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Definitions:

Working Capital

The variance between a firm's existing assets and liabilities, showcasing the immediate financial wellbeing and efficiency in operations of the company.

Capital Budgeting

The strategy of investigating and selecting long-term investments that correspond with the pursuit of amplifying shareholder wealth.

Incremental Sales

Additional sales generated by a new action or decision, beyond what would have been sold without it.

Cash Operating Expenses

Expenses that a company pays out in cash during the operating cycle, excluding non-cash expenses like depreciation.