In the 19th Century, the Hacienda System

question 21

Multiple Choice

In the 19th century, the hacienda system

• A)expanded in size and importance.
• B)remained unchanged.
• C)declined in size and importance.
• D)faded in the face of growing industrialization.

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Definitions:

Long-Term Employment

A form of employment characterized by job stability, where an individual holds positions within a company or industry for an extended period, often leading to benefits such as pensions.

Australasian Company

A company that operates in Australia, New Zealand, and sometimes in the neighboring islands in the Pacific.

Classical Approach

A management theory focusing on the efficiency, productivity, and structure of an organization, emphasizing clear divisions of labor, centralized decision-making, and strict hierarchy.

Human Resource Approach

A management perspective focusing on the recruitment, management, and direction of people in an organization to maximize their potential and achieve organizational objectives.