1. How do scientific management and Theory X differ from the human relations movement and Theory Y? 2. How did the results of the Hawthorne Studies influence researchers’ thinking about employee motivation? 3. What are the five sets of needs in Maslow’s hierarchy? How are a person’s needs related to motivation? 4. What are the two dimensions in Herzberg’s theory? What kinds of elements affect each dimension? 5. What is the fundamental premise of reinforcement theory? 6. According
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Government Interactions with the Economy 1) Negative Externalities- external costs lead to an over allocation of resources to the specific economic activity. There are 2 possible ways of correcting these overspills: Taxation- the government can demand an effluent fee‚ which is a charge to a polluter that gives the right to discharge into the air or water a certain amount of pollution. Regulation- the government could specify a maximum allowable rate of pollution. This would require the
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MAR 4403.0M1 Observation- Interaction Project 1 Project Background I called a few companies in our area‚ and most contacts the person who answered the phone refused to help me unless I was a prospect willing to make a purchase. I even offered a meal instead of coffee‚ but most companies’ personnel felt uncomfortable providing a name and number for one of their associates. Most managers told me that he or she would mention during the staff meetings‚ but just in case an associate would be interested
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Economics coursework Question A After World War II local authorities in some European cities (Berlin and Frankfurt‚ for instance) prescribed ceilings on rental prices for city flats. The idea was to make access to appropriate dwelling space largely independent of income. Although the measures served the purpose for a while‚ very soon negative side-effects did appear; in particular‚ black markets for flats developed‚ and‚ in the longer run‚ inner cities’ residential houses got dilapidated. Use economic
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Resource # 1 Provide a summary of the legal requirements in your state regarding child abuse and neglect (including contact information for the appropriate agency)‚and your program ‘s policy regarding your responsibility to report child abuse and neglect. As a professional lead teacher I know that there are several types of child abuse such as physical abuse‚ that is a result of punching‚ beating‚ kicking‚ biting‚ shaking‚ throwing‚ and chocking‚ such injuries are considered abuse regardless of
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Fundamental Economic Concepts: Introduction CHAPTER 1: 1. Risk is best thought of as a. the chance that the actual return will be zero or negative b. the chance that the actual return will differ from the expected return c. the chance that the expected return will be lower than what investors demand d. the chance that the expected return will be incorrectly estimated 2. Which of the following is INCORRECT about risk-averse investors? a. They always try to minimize their risk regardless
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– Task 309.1.3 Student #000197021 EGT1 Task 309.1.3 Government regulation in business today is vital because it attempts to create a level playing field for companies competing against one another and regulate honest business practices toward the consumers. It is important to for any business to understand how government regulation affects their industry and how they intend to run their company. Industrial regulation is the government regulation of an entire industry. The purpose of industry
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Question 1 (8 marks) Using supply-and-demand diagrams‚ show and explain the effect of the following events on the market for woollen jumpers. An outbreak of ‘foot-and-mouth’ disease hits farms in Australia. (2 marks) Supply curve shifts left Whenever there is an outbreak of ‘foot-and-mouth’ disease in Australian farms‚ the result is an increase to the input prices for producing woollen jumpers. As a consequence‚ the supply of woollen jumpers shifts to the left on the graph‚ as shown
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INTRODUCTION TO ECONOMICS Exercise 1 1. What determines that a resource be scarce? Why is scarcity important in defining Economics as a science Resources are seen as being scarce‚ when the wants exceed the resources. The fundamental problem of economics relates to the choices made in the face of limited resources and unlimited wants. 2. Read your local newspaper and economic magazines. Explain the difference between Microeconomics and Macroeconomics. From your research‚ give three examples
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The relationship between marginal revenue (revenue generated by increasing product sales by 1) and marginal cost (the cost in producing that 1 extra product) is important to a business in terms of profit maximization. A business reaches maximum profit when there is equilibrium between these two numbers. An imbalance on either side will result in a decrease in profit. Profit maximization in terms of total revenue to total cost shows that the maximum profit is achieved when the distance between the
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