If you make fair use of published materials in forming your responses, remember to include an appropriate citation. Use APA style. Failure to properly cite the work of others will result in a grade of zero.
Note that some questions have multiple parts. Failure to answer all parts will result in a reduction in grade.
English grammar will constitute 10% of the grade.
1. Describe the difference between efficiency and effectiveness in a business.
2. Choose a business with which you have some familiarity and describe the division of labor. Give at least three examples. How might this division of labor be improved?
3. Define McGregor's Theory X and Theory Y. Describe why management might take these two different approaches to managing a workforce.
4. Describe Michael Porter's Five Forces Model.
5. Describe five structures that management might use to organize a corporation.
6. Describe Equity Theory and Expectancy Theory.
7. Imagine you are the manager of a hotel. What actions would you take to reduce social loafing among the cleaning staff?
1. Name two leadership styles. Give at least one situation in which each style would be the most effective.
2. Do you believe the Mexican drug cartels, as businesses, are effective? Defend your position.