Assignment:
Question 1. In the market for most consumer goods and services we assume the law of supply and demand, operating through open competition, determines the price. Competition, however, does not necessarily work to the consumer's advantage in the insurance market. Here are the questions. How does the pricing of an insurance policy for the insurer differ from a bologna manufacture's pricing its product? Why does the difference in pricing problems require that insurance pricing be subject to regulation? Why might be lowest-priced insurance policy be undesirable from the consumer's standpoint?1. Identify one of each individual, team, and organizational-level performance-based rewards that would motivate you, and explain why.
Question 2. Explain the job characteristics model, and share a related personal experience that links to one or more of the characteristics.
Question 3. Self-leadership is considered a critical practice in the workforce. Do you agree? Why or why not?
Question 4. List two advantages and disadvantages of job specialization. What aspects of Taylorism (as described in the Unit III Lesson) have you encountered in any jobs you have had?
Your answer must be of at least 200 words in length for each.