Context of Theory Y managers in China, managers who are skilled in the management of people and possessing political and ideological expertise are called the reds.
- People are self-motivated and love the challenge of work, according to theory Y.
- With this presumption, managers foster a closer working relationship with their staff members and inspire them by giving them the freedom to act independently, take on responsibility, and make decisions.
- Working hard both physically and mentally comes as naturally to individuals as sleeping or playing.
- Coercion, control, and punishment threats are important to motivate people to meet organizational goals.
<h3>What is the Theory Y approach?</h3>
- According to Theory Y, managers should foster an environment at work where workers have the chance to exercise initiative and self-direction.
- Opportunities for employees to contribute to the success of the company should be provided.
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Blue money is the highest banknote
Your gross pay is before you benefits and taxes are taken out. Net pay is what you use to pay bills with.<span />
Stephanie's marginal tax rate is 15%.
<u>Explanation:</u>
The Average tax rate is 8%
she pays $3.75 as the tax on $25 which makes tax rate at this point =3.75/25
= 15%
The Marginal tax rate is the percentage of income that has to be paid as tax as a result of a change in the income bracket.
For instance, if tax rate until $1-$1000 is 10%
and for $1000 and above is 20%.
So for every $ earned over and above $1000.The marginal tax rate for that sum is 20%.
Marketing involves companies and their customers working together to develop products that meet customer needs.
<h3>What is Marketing?</h3>
Marketing is a business strategy that identifies customers and their needs and provides the product to meet the customers need.
- Marketing checks for the value placed on a product by consumers and provides the needs base on their preference.
Therefore, marketing involves working with customers to provide their needs.
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