Both Henri Fayol and Adam Smith saw division of work as an important principle of management
Indicate whether the statement is true or false.
Answer: TRUE
Explanation: Smith called the concept "division of labor," while Fayol, in his Fourteen Principles of Management, used the term division of work. Managers today use the term job specialization.
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When a product name becomes generic, the product name is no longer recognized as the exclusive property of a firm
Indicate whether the statement is true or false a. True b. False
Which of the following laws requires the closing agent to withhold a certain percentage of the seller's proceeds and submit them to the IRS if the seller is a foreign person?
A. Home mortgage disclosure act B. Equal Credit Opportunity Act C. Recapture of foreign profits act D. Foreign investment in Real Property Tax Act