Which of the Following Is Not a Form of Nonmarket

question 86

Multiple Choice

Which of the following is not a form of nonmarket work?

• A)working on your car at home
• B)doing your laundry in a laundromat
• C)making bread for a dinner at your sister's house
• D)caring for your sister's children as a favor
• E)babysitting for a fee

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Definitions:

Henri Fayol

A French industrialist and a pioneering management theorist who developed a general theory of business administration.

Hierarchy of Authority

A system in which different positions are ranked relative to each other within an organization, with higher levels having more power and responsibility.

Douglas McGregor

An American social psychologist who proposed the Theory X and Theory Y concepts in management, relating to two different views of how managers perceive workers' motivations.

Decision-making

The cognitive process of selecting a course of action from among multiple alternatives.