When a Manager and His or Her Subordinates Share Feelings

question 64

Multiple Choice

When a manager and his or her subordinates share feelings of comradeship and devotion to a common cause,they are expressing Fayol's principle of:

• A)Unity of command
• B)Order
• C)Discipline
• D)Esprit de corps
• E)Laissez-faire

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Definitions:

Binding Price Ceiling

A maximum price set by the government below the equilibrium price, causing shortages.

Lower Quality

Refers to products or services that do not meet the expected standards or performance criteria compared to others in the market.

Price Ceilings

Legally imposed maximum prices on goods or services that aim to keep them affordable for consumers, which can lead to shortages if set below the market equilibrium.

Black Markets

Illegal trading systems where goods or services are bought and sold at prices not regulated by the government, often in violation of price controls or rationing.