The ________ Concept of Management Asserts That Management Practices Should

question 101

Multiple Choice

The ________ concept of management asserts that management practices should be molded to the different sets of values,beliefs,attitudes,and behaviors exhibited by a diverse workforce.

• A) universal
• B) affirmative action
• C) segmented
• D) cultural relativity

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Definitions:

Sole Proprietorships

A type of business entity owned and operated by one individual, without any legal distinction between the owner and the business.

Partnerships

A legal form of business operation between two or more individuals who share management and profits.

Bankruptcy Filing

The legal process undertaken by individuals or businesses that cannot meet their financial obligations, to seek relief from some or all of their debts.

Creditors

Individuals or institutions that lend money or extend credit, expecting repayment in the future under agreed terms.