Why Do Managers Study Management History and Theory

question 31

Essay

Why do managers study management history and theory?

Recognize the influence of observed aggression on behavior.

Understand the ethical considerations in the use of punishment.

Identify techniques used to reduce aggressive responses and increase desirable behavior.

Understand the general effects of punishment on behavior and its implications.

---

Definitions:

Beginning-of-month Withdrawals

Refers to funds being taken out of an account at the start of each month, often in the context of automated payment plans or investments.

Nominal Rate

The stated or advertised interest rate on a loan or investment, not accounting for compounding or fees.

Effective Rate

The interest rate on a loan or financial product, adjusted for the effect of compounding over a specified period of time.

Semi-annually Compounded

A method of computing interest in which interest is added to the principal balance twice a year, resulting in compound growth.