The view that people will rationally consider available opportunities and do whatever is necessary to achieve the greatest personal economic gain is the underlying assumption of which approach to management thought?

A) quantitative approach
B) socio-economic approach
C) modern approach
D) classical approach
E) behavioural approach

Economic Gain

The increase in financial value or wealth, often resulting from business activities, investments, or measures of economic performance.

Management Thought

The theories and principles that guide the practices and decisions of managers in planning, organizing, leading, and controlling an organization.

Rational Consideration

The process of making decisions based on logical inference, facts, and analysis rather than emotions or intuition.