Consider the following statements regarding the characteristics of Modern Management Thought, specifically the Systems Approach: Which of the above statements is/are correct? It is considered a "Multivariable" approach because it recognizes that an event can be the result of a single cause and effect relationship. It is an "Adaptive" approach because it treats the organization as an open system that must continuously adjust to its external environment. It is a "Multidisciplinary" approach that integrates ideas from various fields like psychology, sociology, and economics into management theory.

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Consider the following statements regarding the characteristics of Modern Management Thought, specifically the Systems Approach: Which of the above statements is/are correct?

It is considered a "Multivariable" approach because it recognizes that an event can be the result of a single cause and effect relationship.
It is an "Adaptive" approach because it treats the organization as an open system that must continuously adjust to its external environment.
It is a "Multidisciplinary" approach that integrates ideas from various fields like psychology, sociology, and economics into management theory.

AAll

Bi, iii

Ci, ii

Dii, iii

Answer:

D. ii, iii

Read Explanation:

The "Multivariable" characteristic of modern management thought assumes that an event is the result of many interrelated and interdependent factors, not a single cause-and-effect relationship.

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The Neo-classical Theory, particularly stemming from the Hawthorne Experiments, significantly shifted management's focus. Which of the following is a primary insight gained from this theory?

The Hawthorne Experiments, led by Elton Mayo, demonstrated that productivity is not solely dependent on physical working conditions. Which of the following findings from the experiments is most directly related to the concept of informal social groups influencing employee behavior?

Consider the following statements regarding the evolution of management thought:

The roots of management can be traced back to ancient civilizations, where people lived and worked in groups.
The Industrial Revolution significantly reduced the need for a formal, systematic theory of management.
The Neo-classical theory, also known as the Behavioral Approach, emphasized a rigid, hierarchical structure with clear rules and procedures.
Modern management theory views the organization as a complex, interconnected system.

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Evaluate the following statements regarding Fayol's principles of management:

The principle of Discipline primarily ensures that all employees are treated with justice and kindness, which fosters a friendly atmosphere and loyalty to the firm.
The principle of Remuneration states that a fair day's pay for a fair day's work should be provided, taking into account the cost of living, the work's nature, and the employee's merit.
Both the principles of Discipline and Remuneration are crucial for maintaining the stability and morale of the workforce, directly impacting the organization's efficiency.