Garrett Enterprise ? Garrett Enterprise is a well-known company that has been around for many years. However, Mr. Robinson, its CEO, has noticed recently that the company is not performing up to par. He has been watching the employees closely. Mr. Robinson saw that his workers do only what is required and that no one seems to go above and beyond what is necessary. ? He thinks this is odd because Garrett Enterprise used to have dedicated employees who felt a real sense of ownership toward the company. Now it seems that the employees need to be watched all the time just to make sure they are doing the minimum required. The company has always tried to help its employees through various measures, but recently these measures have been unsuccessful. ? Mr. Robinson also observed that the
employees were not engaging with each other. They all seemed to be at ease with each other, but there was very little interaction. When Mr. Robinson asked his top managers to study the situation more closely, they reported that the employees were neither dissatisfied nor motivated. ? Mr. Robinson decided that things needed to change. He decided that the managers would reward only very good behaviors and punish anything that was considered bad behavior. While this may not be the best option, Mr. Robinson believes that it may work for the near future. Refer to Garrett Enterprise. When Mr. Robinson talks about implementing a system of rewarding only the best behavior and punishing bad behavior, which of these theories is he utilizing?
A. Maslow's need theory
B. Equity theory
C. Goal-setting theory
D. Reinforcement theory
E. Theory X
Answer: D
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Katrina Mendoza is a senior manager in a manufacturing firm that hires lobbyists to influence legislation that affects the manufacturing industry. Katrina's firm takes a(n) ________ stance toward the marketing environment
A) reactive B) proactive C) adversarial D) passive E) altruistic
On April 24 of the current year, The Memphis Pecan Company experienced a tornado that destroyed the company's entire inventory. At the beginning of April, the company reported beginning inventory of $228,650. Inventory purchased during April (until the date of the tornado) was $199,700. Sales for the month of April through April 24 were $644,400. Assuming the company's typical gross profit ratio is 50%, estimate the amount of inventory destroyed in the tornado.
A. $216,050 B. $158,738 C. $322,200 D. $214,175 E. $106,150
MM's Proposition I corrected for the inclusion of corporate income taxes is expressed as
A. VL = VU + (TC)(D). B. VL = VU. C. VU = VL + (TC)(D). D. VL = VU + D(1 ? TC).
Teamwork is:
A. giving employees responsibility and authority to make decisions regarding all aspects of product development. B. having the best possible fit between their social system and technical system. C. the assignment of work to groups of employees with various skills who interact to assemble a product. D. a companywide effort to continuously improve the ways people, machines, and systems accomplish work.