In the Context of Scientific Management, Critics Claimed That

question 74

Multiple Choice

In the context of scientific management, critics claimed that:

• A) organizations that need rapid decision making and flexibility may suffer with this approach.
• B) managers may ignore appropriate rules and regulations.
• C) managers were not trained to apply the principles of the theory.
• D) too much authority may be vested in too few people.
• E) it did not help managers deal with broader external issues such as government regulations.

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Definitions:

Net Income

The total profits of a company after all expenses and taxes have been deducted from total revenues.

Owner's Drawings

The act of an owner drawing funds from a business in a sole proprietorship or partnership for personal needs.

Capital Account

A capital account is a financial statement that shows the changes in a company’s assets, liabilities, and equity, or an individual part of a nation's balance of payments reflecting net change in ownership of national assets.

Owner's Equity

The residual interest in the assets of a business after all liabilities are deducted.