Some People--Including the Current Chairman of the Federal Reserve Board

question 62

True/False

Some people--including the current chairman of the Federal Reserve Board of Governors--have argued that one advantage of corporate debt from the stockholders' standpoint is that the existence of debt forces managers to focus on cash flow and to refrain from spending too much of the firm's money on private plane and other "perks." This is one of the factors that led to the rise of LBOs and private equity firms.

Recognize barriers to functional and procedural flexibility in work organizations.

Understand the concept of functional, employment, pay, and procedural flexibility in the workplace.

Identify the shift from scientific management to flatter, team-oriented work structures.

Recognize the historical complementarity and conflict between scientific management and job control unionism.

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Definitions:

Children's Defense Fund

An organization that advocates for policies and programs to ensure children's well-being, focusing on those in disadvantaged situations.

Low-income Babies

Infants born into families with earnings below the nationally defined poverty threshold.

Development

The process of growth or advancement, often involving physical, emotional, or intellectual improvements.

Inclusion Programs

Initiatives designed to ensure the participation and representation of diverse groups in educational or social settings.