During the evolution of modern management, when crafts production was being replaced by large factories, why did owners and managers struggle with challenges and need to focus more on management?
What will be an ideal response?
Owners and managers of the new factories found themselves unprepared for the challenges accompanying the change from small-scale crafts production to large-scale mechanized manufacturing. Moreover, many managers and supervisors in these workshops and factories were engineers who had only a technical orientation. They were unprepared for the social problems that occur when people work together in large groups in a factory or shop system.
You might also like to view...
Three main techniques are available for improving communication in negotiation: the use of questions, reframing, and role reversal.
Answer the following statement true (T) or false (F)
Of Professor Teresa Amabile’s creativity model, which element below is not included?
a. Domain-relevant skills and expertise b. Creativity-relevant processes c. Extrinsic environmental components d. Intrinsic task motivation
A small business manager might find himself or herself being asked to attend events and serve as the face of the company more often than him or her counterpart at a large organization, giving him or her a bigger role as a ________.
A. monitor B. spokesperson C. liaison D. resource allocator E. leader
Company P holds 70 percent of the voting shares of Company S. During 20X8, Company S sold land with a book value of $125,000 to Company P for $150,000. Company P continues to hold the land at the end of the year. The companies file separate tax returns and are subject to a 40 percent tax rate. Assume that Company P uses the fully adjusted equity method in accounting for its investment in Company S.Use the information given, but also assume that Company P holds the land at the end of 20X9. The consolidating entry relating to the intercorporate sale of land to be entered in the consolidation worksheet prepared at the end of 20X9 will include:
A. a debit to Investment in Company S for $7,500. B. a credit to Land for $15,000. C. a credit to Land for $150,000. D. a debit to Noncontrolling Interest for $4,500.