The four managerial functions first described by Fayol are ...

[tsand2]

The four managerial functions first described by Fayol are considered the best because ________.
 
  A) they were devised a long time ago
  B) most sources still use them
  C) they date back to ancient Greece and Rome
  D) they are no longer popular today

Question 2

A finance manager who reads the Wall Street Journal on a regular basis would be performing which role?
 
  A) leader
  B) monitor
  C) disseminator
  D) liaison

[xMRAZ]

Answer to Question 1

Answer: B
Explanation: Fayol's functions are considered to be the best because of their usefulness and popularity. Most texts and authorities on managerial matters use the four functions because they are simple, elegant, and powerful in insight.

Answer to Question 2

Answer: B
Explanation: One of the responsibilities of a finance manager would be to keep track or monitor important events taking place in the business world. Reading the Wall Street Journal would be a good way to do this. After reading, the manager might disseminate some of the information he learned, but this would be secondary to the information monitoring function. A leader or liaison may indeed read a newspaper but only in the function of being an information monitor.