___________is the guiding principle for decision making in an economics based view of management?
Correct answer: C. profit maximization
- A. value maximization
- B. wealth maximization
- C. profit maximization
- D. none of these
Explanation
The traditional economics-based view treats profit maximization as the main guide for managerial decisions. Wealth or value maximization may be used in finance-oriented frameworks, but profit is the standard answer in this general management formulation.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? [email protected]
About Classroom Management
Effective classroom management organizes learners, time, space and resources to support learning. Concepts include rules and routines, teacher authority, communication, motivation, reinforcement, handling disruptive behaviour, maintaining attention and creating an inclusive environment. It differs from discipline alone because management also prevents problems and promotes productive participation.
Practise Classroom Management
449 free Classroom Management MCQs from Pedagogy, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Discussion
Stuck on an option, or know a faster way to get there? Ask or explain it here.
No comments yet. Be the first to explain this one.
Exams that ask Pedagogy questions like this
Pedagogy is on 8 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.
More Classroom Management questions
Motivation depends upon teamwork, requiring co-ordination and cooperation of individuals involved in___________?
worker importance is less in___________?
Frederick W Taylor theory name____________?
___________refers to the idea that business leaders need to adjust leadership styles based on the situation at hand?
Managerial dedication is principle in___________?
Last management function is ____________?