The Reality in Management Theory Suggests That ________

question 81

Multiple Choice

The reality in management theory suggests that ________.

• A)an organization's success or failure is due to external forces outside managers' control
• B)managers are directly responsible for an organization's success or failure
• C)managers operate with internal and external constraints that influence an organization's performance
• D)employees have more influence on success than managers

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Definitions:

Transactions

The actions or activities conducted by individuals or entities involving the exchange of goods, services, or financial assets.

Account

is a record within an accounting system that tracks the financial transactions of a specific asset, liability, equity, revenue, or expense.

Tabular Form

A method of presenting data in tables consisting of rows and columns, which helps in systematic organization and easy analysis of information.

Journals And Ledgers

Record-keeping books where financial transactions are first noted (journals) and then summarized and classified (ledgers).