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ddd [48]
4 years ago
8

Provide an explanation using one appropriate management theory from each of the following: the classical approach, the human rel

ations approach, and the modern management approach of how Wells Fargo operated prior to the scandal becoming public (EM Chapter 2).
Business
1 answer:
Nuetrik [128]4 years ago
3 0

Answer:

The classical approach

Explanation:

The Wells Fargo case clearly depicts the 'Classical Approach' theory.

As you know that the classical approach theory focuses on the efficiency, the output and the productivity of the employees, while leaving behind the focus on the employee job satisfaction and social needs.

This is exactly how Wells Fargo was operating by only focusing on the market capitalization, profit maximizing and ignoring all the employee and customer values and ethical practices.

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Discuss whether you agree with the following statement: “The problem with economics is that it assumes that consumers and firms
Zigmanuir [339]

Answer:

I partially agree with the stament

Explanation:

Despite the economics establishes some theories based in people, companies and governments behavior, we can fine multiple examples where the situation is not totally adjusted to the theory. As an example, when we talk about the supply and demand theory, we suppose that if the price of a product rises, the demand is lower; even when this consumption may be true, there are people who buy this named product no matter the price rises.

We need to see the economist as a theory that defines most of the situations, in the same way it gives the general and specific lines for the development of the most efficient processes and behavior about a determined situation. We can use economics as a way to analyze a situation and take an action trying to have the best result.

7 0
4 years ago
What two features of a bond are the principal determinants of its interest rate? A. Investment percentages and maturity delegati
Anit [1.1K]
A. Investment percentages and maturity delegations
8 0
3 years ago
Why storage forms a key aspect in fruit farming ?​
azamat

Answer:

The goal of storage is to keep them in a dormant state. Once harvested some fruits do not ripen, while others will continue to ripen after harvest because they naturally produce a gas called ethylene.

4 0
3 years ago
The owners of a local business are making a rational decision about how many workers to hire. How many workers would cause the m
Gekata [30.6K]
<h2>10 workers would cause the marginal  to exceed the marginal benefits.</h2>

Explanation:

  • Let us understand the term "Marginal benefits".
  • It is the additional amount that the consumer "willing to pay" for an additional goods or a service.
  • In terms of producers, the marginal benefit is termed as marginal revenue.
  • Here according to the situation given in the question as to how many workers to hire could be answered by the number 10.
  • Marginal revenue always falls below marginal cost.
  • It is the revenue that the organization receives for selling one additional unit.
8 0
4 years ago
Read 2 more answers
​Billy's Hamburger Barn has a single​ drive-up window.​ Currently, there is one attendant at the window who takes the order ​(20
Umnica [9.8K]

Answer:

The map of the current process is found in the attached

The minimum cycle time is 1 min 40 seconds

The longest cycle time is 2 min 35 seconds

The new minimum cycle is 1 min 15 seconds

The new longest cycle time is  2 mins

The potential problem that could surface from splitting the process is that once the customer has finished paying the customer has to wait for about 30 to 55 seconds before the second attendant finishes with packaging,hence ,a queue would likely be formed awaiting the second attendant.

The problem could be solved by ensuring the taking money and packaging takes the same time.

Explanation:

Minimum cycle time=20+55+25=100 seconds=1 minute 40 seconds

The longest cycle time=30+90+35=155 seconds=2 min 35 seconds

The new minimum cycle time=20+55=75 seconds=1 min 15 seconds

Taking customer's money also happened in the first 35 seconds of the 55 seconds above.

The new longest cycle time=30+90=120 seconds=2 mins

Download xlsx
6 0
3 years ago
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