The assumption that people are rational and primarily interested in economic incentives from their work is the underlying assumption of which approach to management thought?

A) Socioeconomic approach
B) Modern approach
C) Quantitative approach
D) Classical approach
E) Behavioural approach

Economic Incentives

Financial motivations designed to encourage or discourage certain behaviors among individuals or organizations.

Rational

Relating to, based on, or capable of reasoning that is coherent and consistent, often used to describe decisions or thought processes.

Classical Approach

A management theory that emphasizes a structured form of organization, focused on efficiency, and based on principles of planning, organizing, commanding, coordinating, and controlling.