<u>Answer: </u>Motivation
<u>Explanation:</u>
In the job performance formula M stands for motivation, A for Ability and skills E for Environmental obstacles. When the company's performance is stable over time because of the employee's performance then the employee's will be rewarded with huge incentives.
This model where Performance=M+A+E it denotes that the compensation benefits does not change the employee behavior towards his performance . Only these three factors determine his performance behavior. When these three factors are not met in enough then it reflects in inefficient performance of the employee.
Answer:
Managers should be held responsible for only those cost, revenues, or assets over which they have substantial control should be considered as a
FALSE Statement.
Explanation:
In order to understand this statement comprehensively, we need to know the following two views.
The Omnipotent View
The Symbolic View
The Omnipotent view
This view defines and makes managers wholly responsible for all the success and losses of an organisation. This view referred managers as completely liable for all the operations, causes and their resulting effects within an organisation. No matter what, they are held liable for the consequences. For example, when a football team performs, coaches and managers are held liable and they come under radar in case of bad performances.
The symbolic View
This view says that managers make decisions in the best interest of the firm on the base of available resources, assets, costs and revenues but there are certain things which are beyond their control, they have very less or little control over certain things like economy, political environment – rules and regulations, competitors actions, market conditions, having control over technology etc.
Consequently, mangers cannot be held completely responsible; they have limited impact and effect over the organisational performance.
Answer:
1. <u>Reactive management</u> as the name implies refers to management having an approach of acting only after a problem has occurred while
<u> Proactive management</u> is preventive method of management that prevents problems from happening by acting in advance to avoid their occurrence.
Explanation:
1.
<u>Reactive management</u> as the name implies refers to management having an approach of acting only after a problem has occurred while
<u>Proactive management</u> is preventive method of management that prevents problems from happening by acting in advance to avoid their occurrence.
Applying proactive management to McDonalds, management will be open to new ideas and quickly adapt, from customer feedback and make changes to their menu but in reactive management it will refuse to do so until the customers begin to complain or disappear then it will take measures to repair the damage of lost customers. At what time, making changes to the menu may be coming too late.
2
Activity accounting does not only report financial information but other qualitative information based on the activities of people and departments which is why it is also called responsibility accounting.
Such being applied to Mcdonalds will consider number of clients served per staff or department, number of customer complaints per period etc
Answer: Increase and Unchanged
Explanation:
Given that,
Veronica withdraws = $1,500 from her savings account
then deposit this amount into her checking account.
M1 contains:
M1 = currency with public + checkable deposits + other deposits with RBI
M2 Contains:
M2 = M1 + post office savings account
Veronica withdraws $1,500 from savings account, so M2 decreases by $1500. Then, she deposited this amount into her checking account as a result M1 increases by $1,500 and M1 is a component of M2, so M2 also increases by $1500.
The conclusion of this transaction is that M1 increases by $1500 and there is no change in M2.
Answer: I can try to help you.
Explanation: In the narrowest sense, the government's involvement in the economy is to help correct market failures or situations in which private markets cannot maximize the value that they could create for society.
