Which of the Following Is a Drawback of the Bureaucratic

question 14

Multiple Choice

Which of the following is a drawback of the bureaucratic approach to management?

• A) Production tasks were reduced to machine-like movements that led to boredom.
• B) The approach did not help managers deal with competitors and government regulations.
• C) Some people did not perform their best with excessive rules and regulations.
• D) The approach emphasized only money as a worker incentive.
• E) Management decisions were unsystematic.

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Definitions:

Miller and Scholes

Refers to economists Merton Miller and Myron Scholes, noted for their contributions to the field of finance, including work on the pricing of options and corporate finance.

Nonsystematic Risk

The portion of investment risk that is unique to an individual asset or company, such as management decisions or product recalls, and can be mitigated through diversification.

Security Market Line

A graphical representation of the expected return of investments at different levels of risk, showing the relationship between risk and return in the capital asset pricing model.

Security Market Line

A graphical representation used in the Capital Asset Pricing Model (CAPM) that shows the relationship between the expected return of an investment and its risk.