Define Administrative Management and Briefly Discuss Two Major Contributions from Max

question 100

Essay

Define administrative management and briefly discuss two major contributions from Max Weber and Henri Fayol.

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Definitions:

Violence

The use of physical force to harm someone, to damage property, or to impose dominance in any context.

Private Property Rights

Legal rights that grant individuals or entities the ability to own, use, and control personal or real property.

Legal System

The framework of rules, laws, and regulations established to maintain order and protect persons and property.

Market Efficiency

The extent to which market prices fully reflect all available information and adjust to new information swiftly.