"The first task of administrative theory is to develop a set of concepts that will permit the description, in terms relevant to the theory, of administrative situations. These concepts, to be scientifically useful, must be operational; that is, their meanings must correspond to empirically observable facts or situations."
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"On tight money: It reflects a reversion to the old idea that the tree can be fertilized at the top instead of at the bottom — the old trickle-down theory."
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