The Four Managerial Functions First Described by Fayol Are Considered

question 11

Multiple Choice

The four managerial functions first described by Fayol are considered 'classical' because ________.

• A)they are no longer popular today
• B)many use them to categorise managers
• C)they were devised a long time ago
• D)they date back to ancient Greece and Rome

---

Definitions:

Default Rates

The percentage of borrowers who fail to make required payments on their loans within a specified period.

Secondary Mortgage Market

The market where home loans and servicing rights are bought and sold between lenders and investors.

Financial Institution

An establishment that conducts financial transactions such as investments, loans, and deposits.