Suppose you own a bicycle but haven't found the time to ride it much lately. These days, it is only worth $45 to you. One of you
r close friends, who recently got a job at the college bookstore two miles down the road, wants to take it off your hands. He offers you $70 for the bicycle, and you gladly accept. Your friend is also happy because he thinks the bicycle is worth $103 .
Douglas McGregor presented this perspectives of human being named as Theory X (which is labeled as negative).
McGregor after studying the manager's behavior and how they are dealing with their employees, came to the conclusion that the manager’s views of the nature of human beings are built on the particular assumptions taken from their behavior.
According to Theory X, managers tend to believe that not liking the work is present in employee nature and therefore it is necessary to direct or even force them to perform tasks and their required job.
To put it another way, theory X basically tries to put that all humans and particularly employees are lazy, and they don't want to work, they are required to pull and push for doing so.
Inflation: sustained and widespread increase in the price level. This means that inflation reflects the loss of the purchasing power of the currency. Therefore the currency is devalued against that of the countries in which the inflation rate is lower or zero.
Explanation:most of their decision overseen by corporate executive..in an organization where profit is the main target every decision must be thoroughly checked
Gross profit shows how much money you made in relation to the cost of goods sold, this calculation is very important when you need to know wether a product is profitable or not. Net profit also substracts the expenses (building machinery,etc).
