According to Henri Fayol, Unity Means That Managers Need to Make

question 7

True/False

According to Henri Fayol, unity means that managers need to make every attempt to collect and use all available information in the planning process.

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Definitions:

Life Cycle

Refers to the series of stages that an organism, product, or service goes through from its beginning to its end.

Ownership-based Governance

A system where ownership rights are central to decision-making processes and governance structures.

Due Diligence

A comprehensive appraisal of a business or individual’s financial performance, legal obligations, and other details conducted before entering into an agreement or transaction.

Short-termism

The focus on immediate results or benefits at the expense of long-term interests or sustainability.