The view that people will rationally consider available opportunities and do whatever is necessary to achieve the greatest personal economic gain is the underlying assumption of which approach to management thought?
A) quantitative approach
B) socio-economic approach
C) modern approach
D) classical approach
E) behavioural approach

Question

Quizplus · Accepted Answer

The classical approach to management thought, developed in the late 19th and early 20th centuries, is based on the assumption that people are primarily motivated by economic gain and will act rationally to achieve it. This approach emphasizes efficient production, standardized work processes, and hierarchical organization structures.

The View That People Will Rationally Consider Available Opportunities and Do