Answer:
<u>THEORY X</u> managers subscribe to the traditional view of direction and control of subordinates, who they see as indolent and lazy, whereas <u>THEORY Y</u> managers naturally take the opposite view of workers, seeing them as willing and eager to be productive.
Explanation:
Douglas McGregor developed the theory X and Y management models in the late 1950s.
Theory X managers have a fairly negative view of their employees (and probably humanity as a whole), and they consider them lazy, with very little personal ambition and motivation, and that they work only for their paycheck. They believe that strict supervision and a system of rewards and payments is the best management model.
On the other hand, theory Y managers have a much more positive view of their employees (and humanity as a whole), they consider them responsible, capable of making good decisions, are internally motivated to work better, and not just because they want to earn a paycheck. They emphasis on job satisfaction and less supervision.
Explanation:
To understand the basic philosophy behind the four factors of production
Land - Labor - Capital - Entrepreneurship
Lets consider an example:
Someday, just finishing your college, you think of starting a pizza business and you start selling pizza's one day. You might end up making a Pizza brand like Pizza Hut.
Here, in this example, to start your pizza shop, you need a place or area, this is known as Land factor. When you start making pizza, you need someone to work in that shop, (or if you doing it by yourself too) there should be at least some human being doing it, this factor is referred as Labor. To start the pizza shop, you need to buy the equipment, taking a shop on rent, or buying it, renovation of the shop etc. All of these things need, of course, Money, which is referred as Capital here. The idea you going to start this business, the courage to make it, definitely makes you an Entrepreneur, in utilizing all other factors effectively and efficiently. Therefore, this is linkage between these four factors of production, and how they fit together.
No it is not’ people say it’s real but no don’t believe that
Answer:
The correct answers are:
1. Actor, writer, musician : entertainment.
2. Dietician, optician : health care.
3. Litigator, paralegal, attorney : legal industry
Explanation:
Industries dedicated to consumer service are those whose product is directed directly to a consumer, and not to a company.
The product they offer is a service, and not a material good.
These industries will have professionals or people specialized in the subject who will be in charge of offering and selling this product.
That is what we see in the examples.
The health industry will offer services dedicated to health, therefore it will have professionals dedicated to this field.
The legal industry will have services dedicated to legal issues such as a lawyer, a litigator, etc.
And the entertainment industry will be dedicated to shows, this is where actors, musicians or writers come in.
