Explain the Scanlon method, developed by Joseph Scanlon in the 1940s. How has Ricardo Semler incorporated such ideas in his business?
What will be an ideal response?
Students should explain the Scanlon method, highlighting its emphasis on good employer/employee/union relations. The diligent student will be able to draw direct parallels between the Scanlon and Semler’s approach. Better answers will also consider the issue from a critical perspective and might pose the question as to whether the use of unions is nothing more than a form of subjugation of employees. Critique should be balanced and justified. Some students will also consider issues of positive psychology applied to work, and might frame their answer from such a perspective.
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Identify the category of employees excluded by the National Labor Relations Board (NLRB) from participating in organizing activities.
A. employees who have been on strike for economic reasons for less than one year and who have been replaced by other employees B. employees in multiple facilities within a single employer C. employees who have a community of interest in their wages, hours, and working conditions D. employees with managerial duties E. employees covered by multiple employers
Suppose you are comparing two firms in the steel industry. One firm is large and the other is small. Which type of numbers would be most meaningful for statement analysis?
a. Absolute numbers would be most meaningful for both the large and small firm. b. Absolute numbers would be most meaningful in the large firm; relative numbers would be most meaningful in the small firm. c. Relative numbers would be most meaningful for the large firm; absolute numbers would be most meaningful for the small firm. d. Relative numbers would be most meaningful for both the large and small firm, especially for interfirm comparisons. e. It is not meaningful to compare a large firm with a small firm.
Liquidation occurs when a partner's entire interest is redeemed by the partnership.
Answer the following statement true (T) or false (F)
The balance in Discount on Bonds Payable
A) should be reported on the balance sheet as an asset because it has a debit balance B) should be allocated to the remaining periods for the life of the bonds by the straight-line method, if the results obtained by that method materially differ from the results that would be obtained by the interest method C) would be added to the related bonds payable to determine the carrying amount of the bonds D) would be subtracted from the related bonds payable on the balance sheet