Question 43 (3 points) The classical perspective on management was one of the first management philosophies. This classical approach emphasizes management on an impersonal, rational basis through elements such as clearly defined authority and responsibility. management science O bureaucratic organizations administrative principles Oscientific management human resources Question 44 (3 points) Which formula is the fundamental accounting equation? Owners' equity = assets + liabilities Assets = liabilities + owners' equity Liabilities - assets = owners' equity Owners' equity = assets / liabilities Question 45 (3 points) The primary management function is: influencing O planning staffing organizing controlling Question 46 (3 points) The protective purpose of planning is to: minimize risk by reducing the uncertainties surrounding business conditions o protect managers from their environment increase the degree of organizational success decrease paperwork and red tape decrease the impact of top management upon operational employees