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Alik [6]
3 years ago
12

Jason is the new manager of a local retail store. He is in charge of all the activities that take place at the store. During the

first two weeks after joining, Jason carefully monitors each employee's tasks and the time spent on performing each of those tasks. He then organizes the tasks and activities into work groups, standardizes the procedures involved, and allocates a time limit for each work group and procedure. Jason informs his employees that their wage incentives will directly reflect their adherence to the new standards. In this case, Jason's actions are consistent with the ideologies of _____.a. democratic managementb. chaos theoryc. scientific managementd. Theory X
Business
1 answer:
svet-max [94.6K]3 years ago
3 0

Answer:

The correct answer is C: scientific management

Explanation:

The scientific management theory was created by F.W. Taylor and counted with the inputs by Frank and Lillian Gilbreth, Henry L. Gantt and Emerson. Taylor postulated that management was chaotic and inefficient at the time. Therefore tried to find out the basic principles of management by using time and work-study, detailed analysis, investigation and planning of work allocation. It is known as scientific management because systematized knowledge is used for work allocation and assignment of specific jobs. The salary, wages, etc. are to be decided as per the work performance of individuals.

The main features of scientific management are:

Scientific Selection of Personnel: Selecting suitable persons for the job.   People have different capacities and attitudes and therefore are selected for the job best suited to them.

Incentives: <u>Workers are inspired to perform the job if they are paid according to their contributions.  </u>

Functional Foremanship:  T<u>he supervisor has functional authority.  He guides and directs the way of performing the job.  </u>

Specialization:   It points out the managerial and non-managerial functions.  

Coordination:  The management should organize the activities in such a way that it can perform its activities effectively. Coordination between workers and managers as well as amongst themselves is essential.

Economic Performance.  Workers are considered economic beings. They utilize physical resources in the best manner possible in order to get maximum production out of human and physical resources.

Work Order. Workers perform their jobs in a systematic order. This helps workers achieve maximum utilization of the capacities and resources available to them.  

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If the average annual rate of return for common stocks is 11.7 percent, and 4.0 percent for U.S. Treasury bills, what is the ave
Vanyuwa [196]

Answer:

7.7%

Explanation:

Risk premium is the return an investor would want for holding a risky bond. It is the excess return earned over holding a risk free bond

Risk premium = return on risky asset - return on U.S. Treasury bills

The U.S. Treasury bills is considered to be risk free because the US government cannot default

On the other hands, stocks are risky because companies can default on payment of dividends due to various reasons e.g. insolvency

11.7 - 4 = 7.7%

3 0
3 years ago
Requirement 1. Fill in the missing amounts. Begin by completing the income statement.
Tcecarenko [31]

Answer:

Excerpt from Duty, Honor, Country / Every Man a King

General Douglas MacArthur / Huey P. Long

Duty, Honor, Country / Every Man a King

By: General Douglas MacArthur / Huey P. Long

Excerpt of Duty, Honor, Country

General Douglas MacArthur

.  

Explanation:

4 0
3 years ago
Raul overheard one of his co-workers in a phone conversation say, Thank you for taking my call so quickly. I'd like to order num
Dominik [7]

Answer:

Purchase Decision

Explanation:

6 0
3 years ago
C.B. Management, Inc., had a franchise agreement with McDonald’s Corp., to operate McDonald’s restaurants in Cleveland, Ohio. Th
statuscvo [17]

Answer:

Who is the franchisor?  McDonald's

Who is the franchisee?  C.B. Management Inc.

In a franchise relationship, the <u>franchisee</u> is economically dependent on the <u>franchisor's</u> business system.

The franchise relationship is defined by the <u>contract</u>.

Did C.B. Management, Inc.’s failure to make a payment due more than thirty days earlier constitute a breach of the franchise contract?  YES

Why?  A) the contract provided McDonald's could terminate the contract when a payment was more than 30 days late.

Did the contract provide that the acceptance of a late payment waived McDonald's right to terminate for late payments? NO

What does an implied covenant of good faith and fair dealing require? That the parties act <u>reasonably</u>.

Did McDonald's act of accepting late payments in the past transform McDonald's right to terminate into a discretionary decision governed by the standard of good faith and fair dealing in the future? NO

Why? Which one of these reasons is not correct? B) the actions of the parties control this issue.

A court would likely find for <u>McDonald’s</u>

8 0
3 years ago
Case &amp; effect diagram is also known as Ishikawa diagram
ale4655 [162]

<u>Answer: </u>

The cause & effect diagram is also known as the Ishikawa diagram is a TRUE statement.

<u>Explanation: </u>

  • The Ishikawa diagram or the cause and effect diagram is also referred to as the fishbone diagram.
  • This diagram is used to find the root cause of a problematic effect that has been or is being exhibited in the operations.
  • The reason the diagram is also called a fishbone diagram is that the curves fluctuate so much that they appear like the skeleton of a fish.
8 0
3 years ago
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