Problem:
My boss believes that, "money talks and everything else walks." She constantly states that "praising an employee's work, listening to their concerns, and making them feel like they are part of a team that has accomplished something positive is useless without money."
Required:
Question 1) How would you respond to her statements based on the concept of Equity Theory?
Question 2) Also, how would you respond to her based on the concepts of the Two-Factor Theory?
Question 3) Explain why you agree or disagree with her statements.
Provide thorough explanation of the given question.