Differentiate between the two types of informal groups and explain why each might be formed. Provide an example of each.
What will be an ideal response?
The two types of informal groups are friendship groups and interest groups. Friendship groups are informal groups composed of employees who enjoy one another's company and socialize with one another. Members of friendship groups may have lunch together, take breaks together, or meet after work for meals, sports, or other activities. Friendship groups help satisfy employees' needs for interpersonal interaction, can provide needed social support in times of stress, and can contribute to people's feeling good at work and being satisfied with their jobs. Employees form informal interest groups when they seek to achieve a common goal related to their membership in an organization. Employees may form interest groups, for example, to encourage managers to consider instituting flexible working hours, providing on-site child care, improving working conditions, or more proactively supporting environmental protection. The examples students provide will vary.
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Indicate whether the statement is true or false.
One of Joelle's challenges when coaching salespeople in listening skills is overcoming the misperception that salespeople need to be better at talking than at listening so that they can persuade customers to buy
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If a vendor has correctly used marginal analysis to select its stock levels for the day (as in the newsperson problem in the text), and if the profit resulting from the last unit being sold (Cu) is $0.90 and the loss resulting from that unit if it is not sold (Co) is $0.50, which of the following is the probability of the last unit being sold?
A. Greater than 0.357 B. Greater than 0.678 C. Greater than 0.400 D. Greater than 0.556 E. None of these
If a project's NPV is greater than zero, its IRR must be equal to the cost of capital
Indicate whether the statement is true or false