Business Studies · Classical Theory of Management

Consider the following statements regarding the core assumptions and characteristics of the Classical Theory of Management: A. It assumes that workers are primarily motivated by economic rewards and financial incentives. B. The theory emphasizes achieving maximum efficiency through scientific methods and identifying the 'one best way' to perform tasks. C. It posits that human relations and social factors influence productivity more significantly than physical or structural conditions. D. Efficiency is achieved through a formal organizational structure characterized by a clear hierarchy of authority and strict adherence to rules. Choose the most appropriate answer from the options given below: