Three Friends Are Starting a New Exercise Equipment Franchise

question 30

Essay

Three friends are starting a new exercise equipment franchise.Their investments are in the ratio of 5:7:11.The smallest investor is contributing $75,000.What is the largest investor contributing?

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Definitions:

Scientific Management

A theory of management that analyzes and synthesizes workflows to improve economic efficiency, especially labor productivity.

Bureaucratic Organization

A structured and formal organization where rules, hierarchical structure, and detailed procedures guide operations and decision-making.

Classical Management

A theory of management that emphasizes a structured organizational hierarchy, a clear division of labor, and reliance on formal policies and procedures.

Administrative Principles

A set of concepts and practices related to managing and organizing businesses, emphasizing structure, of authority, division of work, and coordination of operations.