Explain in detail how consent and participation improve motivation.
What will be an ideal response?
The practice of consent uses only the creativity of the manager, who brings ideas to the group and uses persuasiveness to obtain the members' consent. The consenters do not contribute; they merely acquiesce and passively approve.
Participation is more than getting consent for something that has already been decided. It taps the creativity of all employees. Participation improves motivation by helping employees understand and clarify their paths toward goals, which in turn produces a heightened sense of responsibility for goal attainment.
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Explain the difference between the ethical philosophies of a rights approach and a justice approach
What will be an ideal response?
Which of the following does NOT affect whether a team identifies a problem?
a. Team’s motivation to succeed b. Team’s performance c. Group norms toward conflict d. Openness in communication
A transfer of the right to the possession and use of named goods for a set term in return for certain consideration is known as ________.
A. sale of goods B. lease C. title transfer D. repossession
If the price of money (e.g., interest rates and equity capital costs) increases due to an increase in anticipated inflation, the risk-free rate will also increase. If there is no change in investors' risk aversion, then the market risk premium (rM - rRF) will remain constant. Also, if there is no change in stocks' betas, then the required rate of return on each stock as measured by the CAPM will increase by the same amount as the increase in expected inflation.
Answer the following statement true (T) or false (F)