According to Contingency Theories,__________

question 38

Multiple Choice

According to contingency theories,__________.

• A)The best management approach is based on Theory Y assumptions.
• B)There is no one best management approach.
• C)The best management approach employs formal mathematical models.
• D)The best management approach takes human factors into consideration.
• E)The best management approach focuses on the economic realities of decision making.

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Definitions:

Economic Perspective

Viewing issues through the lens of economics, focusing on how resources are allocated, used, and managed to meet needs and achieve objectives.

State Government

The government of a specified state within a country, responsible for local laws and policies distinct from the federal government.

Football Stadium

A facility specifically designed for hosting football (soccer or American football) games and associated events.

Economy Resources

The key inputs or assets utilized in the production of goods and services, typically categorized as land, labor, capital, and entrepreneurship.