According to Fayol, _____________ Refers to the Environment and Materials

question 88

Short Answer

According to Fayol, _____________ refers to the environment and materials as well as to the policies and rules of an organization.

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Definitions:

Output

The amount of goods or services produced by a company, industry, or economic system.

Industry

A group of companies or businesses that produce similar goods or services and compete within the same market.

Correction

A term often used in finance and economics, indicating a short-term decline in the price of assets or the broader market to adjust for overvaluation.

Emissions Abatement

The process of reducing emissions of pollutants into the environment, typically achieved through policies, technologies, or practices that decrease the emission of harmful gases.