Which of the following is a principle of the human relations approach?
A. Scientific methods should be applied to analyze work.
B. Social needs have precedence over economic needs.
C. Management should cooperate with workers to ensure that jobs match plans.
D. Wasteful movements can be identified and removed to increase productivity.
E. Management is a profession and can be taught.
Ans: B. Social needs have precedence over economic needs.
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An individual health insurance policyholder can change the beneficiary of the policy under what circumstances?
A) Beneficiaries can never be changed. B) The policyholder must pay a $500 transfer fee. C) The change can be made without the beneficiary's consent, unless the original designation is irrevocable. D) The change must be submitted to the insurance company's approval board.
The most important aspect of every firm's organizational architecture is:
a) investors b) ethical guidelines c) products or services d) people