Final answer:
Henri Fayol developed the five basic management functions, not Max Weber, who is known for his theories on bureaucracy and social structures.
Step-by-step explanation:
The statement that Henri Fayol and Max Weber developed the idea of the five basic management functions is false. While Henri Fayol is credited with defining the five key functions of management, which are planning, organizing, commanding, coordinating, and controlling, Max Weber is known for his work on bureaucracy and organizational structures, not for co-developing this particular concept of management functions. Weber's work focused on the characteristics of bureaucracies and the impacts of authority and social structures on administrative effectiveness. Fayol's theory is centered on the operational aspects of managing an organization effectively.