How did the development of limited liability legislation and the joint stock company produce problems of management and how were they resolved in the period 1870 – 1920?
What will be an ideal response?
A model answer would include discussion of limited liability legislation and the joint stock company as legal devices enabling a massive increase in scale of operations; students might also discuss internal contracting and its contradictions – largely in terms of the variability of employment relations in the different contractual contexts. Better answers might include discussion of how the emergence of the union movement led to standardization of employment relations. Students should discuss Taylor, scientific management, and the one best way
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What is a characteristic of effective training objectives?
A. disclaimers to prevent exaggerated expectations B. specified methods of performance evaluation C. names of the trainers and trainees D. measurable performance standards E. specified costs associated with the training
All of the following would appear on the statement of stockholders' equity except
a. declaration of cash dividends. b. an issuance of common stock. c. net income. d. declaration of a stock split.
The cost of equipment would include the cost of test runs to see that the equipment is operating properly
Indicate whether the statement is true or false
The Mazur plan separates responsibility for buying and selling activities between two key executives
Indicate whether the statement is true or false