Choose three of the following management thinkers, and compare and contrast their main ideas and concepts. • F. W. Taylor • Elton Mayo • Henri Fayol • Mary Parker Follett • Chester Barnard

What will be an ideal response?


An acceptable answer would demonstrate knowledge that showed an appreciation of Taylor as more focused on the shop floor than the other theorists. Mayo would be presented as someone who emphasized the importance of informal groups in the workplace. Fayol would be identified as a theorist who focused on overall administration. Follett introduced democracy and power as necessary parts of organizational life. Finally Barnard stresses the importance of leadership excellence. A superior answer would draw out how theories addressed weaknesses within each other. An outstanding answer will highlight the ethical and moral implications inherent within each of the approaches discussed.

Business

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A construction company that builds skyscrapers is likely to have an operating cycle longer than one year

a. True b. False Indicate whether the statement is true or false

Business

Foxworth Company sold plant assets that had accumulated depreciation of $20,000. These assets cost Foxworth $70,000 when purchased 4 years ago. The sale of the assets resulted in a gain for Foxworth of $2,000. The amount of cash reported for this transaction on Foxworth's statement of cash flows is a:

A) $70,000 outflow. B) $52,000 inflow. C) $72,000 inflow. D) $2,000 inflow.

Business

Treasury stock or treasury shares are shares a firm has previously issued and later reacquired. Which of the following is/are true?

a. Treasury shares do not receive dividends, only. b. Treasury shares do not have voting rights, only. c. Treasury shares do not enter the calculation of earnings per share, only. d. Treasury shares do not receive dividends, do not have voting rights, and do not enter the calculation of earnings per share. e. none of the above

Business

Discuss whether ownership of land includes the air, water and mineral rights associated with the land

What will be an ideal response?

Business