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Identify the four things that the basic model of work motivation suggests managers can use to motivate employees,and explain how each of these strategies might be used to motivate a 55-year-old tenured professor,whose teaching performance has become very weak over the past three years. Briefly explain the relevance of the basic formulation of the relationship between performance and motivation to the analysis that you provide. Be sure to clarify any assumptions that you are making.
Activity Variance
The difference between actual activity levels and those projected, affecting budgeted and actual costs.
Total Expenses
The sum of all costs and expenses associated with operating a business.
Flexible Budget
A financial planning tool that dynamically adjusts to volume or activity level changes.
Spending Variance
The variance between the real expenditure and the anticipated budget over a specific timeframe.
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