Greater Focus on Command and Control, Concern for Efficiency, and Emphasis

question 231

True/False

Greater focus on command and control, concern for efficiency, and emphasis on individual performance are some recent trends in managing organizations.

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Definitions:

Fixed Assets

Long-term tangible assets such as buildings, machinery, and equipment that a company uses in its operations and is not expected to consume or convert into cash within one year.

Net Income

The conclusive earnings a company achieves post the deduction of all operational expenses and tax liabilities from its income.

Operating Efficiency

A measure of how well a company uses its assets and manages its operations to generate income.

Return on Equity

A measure of financial performance calculated by dividing net income by shareholders' equity, indicating how efficiently a company uses investments to generate earnings growth.