The Basis for the Drive System That Characterized Management in the Early

question 11

Multiple Choice

The basis for the drive system that characterized management in the early 1900s was the core belief that:

• A) Labor was like any other factor of production and should be driven to attain maximum production for the least cost.
• B) Labor was driven by its own desires and needs and therefore should have a voice in how it was managed.
• C) The drive to succeed was so high that workers would be willing to do anything to get ahead.
• D) Automation and replacement of human labor with machinery was paramount to organizational success.

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Definitions:

Consolidation Purposes

The process of combining financial statements of separate business entities within a group for reporting as one entity.

Unrelated Party

A party or entity that does not have a familial, business, or financial relationship with another party, ensuring transactions are conducted at arm's length.

Straight-Line Method

A method of calculating depreciation of an asset whereby the cost is evenly distributed over its useful life, resulting in a constant annual depreciation expense.

Consolidated Financial Statements

Financial reports that aggregate the financial position and operating results of a parent company and its subsidiaries, presenting them as a single economic entity.