What was Henry L. Gantt's contribution to scientific management?
What will be an ideal response?
Henry L. Gantt expanded on the piece-rate system by suggesting that frontline supervisors should receive a bonus for each of their workers who completed their assigned daily tasks. Gantt believed that this would motivate supervisors to provide extra attention and training to those workers who were struggling with meeting their output goals. He is also known for creating the Gantt chart, which helps employees and managers plan projects by task and time to complete those tasks. An interesting aspect of the chart is that it illustrates how some tasks need to be done during the same time period. Today Gantt charts (available through Microsoft Project and other project software) are used in several fields for a wide variety of projects.
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Which of the following groups is not listed in your text as being affected by accounting regulation?
a. The FASB b. Companies c. Auditors d. Free riders
On January 1, a company issues bonds dated January 1 with a par value of $400,000. The bonds mature in 5 years. The contract rate is 7%, and interest is paid semiannually on June 30 and December 31. The market rate is 8% and the bonds are sold for $383,793. The journal entry to record the issuance of the bond is:
A. Debit Cash $400,000; debit Discount on Bonds Payable $16,207; credit Bonds Payable $416,207. B. Debit Cash $383,793; debit Premium on Bonds Payable $16,207; credit Bonds Payable $400,000. C. Debit Cash $383,793; credit Bonds Payable $383,793. D. Debit Bonds Payable $400,000; debit Bond Interest Expense $16,207; credit Cash $416,207. E. Debit Cash $383,793; debit Discount on Bonds Payable $16,207; credit Bonds Payable $400,000.
Sadie is constructing a bar chart to describe the average savings account balances for customers at her bank. If the minimum balance is $5.00 and the maximum balance is $18,700, would the following bar chart be a good representation of the data? If not, what would Sadie need to change?
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Define content theories of motivation.
What will be an ideal response?