Fayol's Approach to Management Was Significant,in That It Contributed to All

question 39

Multiple Choice

Fayol's approach to management was significant,in that it contributed to all of the following developments and positions except:

• A) Management is a separate body of knowledge that can be applied in any type of organization
• B) A theory of management can be learned and taught
• C) There is a need for teaching management in colleges
• D) On-the-job training is the best way to impart management skills

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Definitions:

Equipment

Equipment consists of the necessary tools, machinery, and other material goods required for performing specific tasks or operations within various contexts, such as a business or workshop.

Receivables

Short-term amounts due to a company from its customers, typically from sales of goods or services on credit.

Accounts Receivable

Money owed to a company by its customers for products or services that have been delivered but not yet paid for.

Inventory

The total amount of goods or materials a business has in stock, potentially for sale or production.