According to contingency theories:
A) the best management approach focuses on the economic realities of decision making
B) the best management approach takes all human factors into consideration
C) the best management approach is based on Theory Y assumptions
D) the best management approach employs formal mathematical models
E) there is no one best management approach

Question

Quizplus · Accepted Answer

Contingency theories suggest that the effectiveness of a management approach depends on the specifics of the situation at hand. Therefore, they argue that there is no single best way to manage or organize because different environments and situations require different strategies.

According to Contingency Theories