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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?

  1. It is considered a "Multivariable" approach because it recognizes that an event can be the result of a single cause and effect relationship.
  2. It is an "Adaptive" approach because it treats the organization as an open system that must continuously adjust to its external environment.
  3. 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.

    Related Questions:

    Evaluate the following statements regarding the influence and application of Henry Fayol's principles of management:

    1. Fayol's principle of Scalar Chain is always a rigid, unbroken line of authority that does not allow for cross-communication between employees at the same hierarchical level.
    2. The principle of Initiative is fundamental to modern management as it encourages managers to develop and implement new ideas to drive innovation.
    3. Fayol's principles, though developed for industrial management, are general and can be applied to all types of organizations, from government departments to small businesses.
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      Identify the correct statement(s) concerning Henry Fayol's 14 Principles of Management.

      1. Fayol's principle of 'Unity of Command' dictates that all employees should be working together toward a common objective under the guidance of a single plan.
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      3. 'Esprit de corps' emphasizes the importance of job security and stability of employment for workers to become efficient.
      4. 'Remuneration' states that employees should receive fair pay and a combination of financial and non-financial rewards that serve as a strong incentive for good performance, avoiding exploitation.

        Identify the correct statements regarding the contributions of James Watt Jr. and Mathew Robinson Boulton at their Soho engineering factory:

        1. They focused primarily on traditional, customary management ideas.
        2. They were pioneers in implementing production planning and standardization of components.
        3. They developed schemes for executive development and provided welfare for personnel.
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          Consider the following statements regarding the characteristics of management as a profession:

          1. A profession is a highly specialized field requiring technical skills, but not necessarily a formal body of knowledge.
          2. Management has been historically viewed as a profession but has become less so over time due to the influence of various scientific theories.
          3. The rise of management as a profession has led to a separation of ownership and management, where managers, who are not necessarily owners, are hired to run the organization based on their expertise.