Which of the following statements most correctly describes the early practice of management?

Question

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The scientific study of management as a field of inquiry dates back to the nineteenth century, with the contributions of thinkers such as Frederick Taylor and Henri Fayol. The other statements are either incorrect or incomplete. For example, while some early economists did address managerial efficiency and effectiveness, their focus was primarily on macroeconomic issues rather than on organizational management. Furthermore, although some large organizations did exist before 1900, many organizations were still small or medium-sized, and survival was often a significant issue, particularly for new or rapidly-growing companies.

Which of the Following Statements Most Correctly Describes the Early