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Toward the end of the Industrial Revolution, in the late 1 9 th century, several university programs offering management and business education were founded, including

Toward the end of the Industrial Revolution, in the late 19th century, several university programs offering management and business education were founded, including the Wharton School at the University of Pennsylvania. Establishment of these programs
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required federal government funding.
was an acknowledgment of management as a formal discipline.
was expected under the administrative management approach.
occurred despite the inability of quantitative management to accurately model management problems.
reflected economies of scale.

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