Match the Following

question 63

Multiple Choice

Match the following.You may use a response once,more than once,or not at all.
-Includes Weber's work on bureaucracy

• A)The contingency perspective
• B)The classical perspective
• C)Administrative management theory
• D)Scientific management
• E)Management science

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Definitions:

Self-correction

The process by which an economic variable adjusts back to its equilibrium or normal state after a disturbance, without external intervention.

Labor Surplus

A situation where the supply of labor exceeds the demand for labor, leading to unemployment or underemployment.

Passive Approach

A strategy or policy of non-intervention, allowing market forces to operate with minimal governmental interference.

Economic Policy

Actions taken by governments or central banks to influence the economy, including decisions on monetary policy, fiscal policy, and regulatory measures.