What did Elton Mayo discover in the Hawthorne Studies about human factors that led to the birth of the human relations movement in management?
What will be an ideal response?
The researchers led by Elton Mayo came to the conclusion that human factors were responsible for the results of their experiments. Human factors are at least as important to motivation as pay rates. The premise was that employees who are happy and satisfied with their work are motivated to perform better.
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Discuss ways to ensure visual aids are honest and ethical
What will be an ideal response?
When gross margin pricing is used, the markup percentage includes
a. desired profits plus total selling, general, and administrative expenses. b. only the desired profit factor. c. total costs and expenses. d. desired profits plus total fixed production costs plus total selling, general, and administrative expenses.
The total amount of cash that the employer contributes to the firm's pension plan over time is the total amount of pension expense that the employer must recognize in measuring net income
Indicate whether the statement is true or false
Bradley works for a manufacturer of sports equipment and is currently developing a company sales forecast for golf clubs. While reviewing data, he discovered a pattern in sales volume over the past ten years that peaked during two months of each year. Bradley likely used which sales forecasting technique?
A. The Delphi technique B. Executive judgment C. Time series analysis D. Market tests E. Regression analysis