Describe the Hawthorne Effect

question 84

Essay

Describe the Hawthorne effect. Explain the flaws in the studies, but also explain the studies' lasting contribution to management.

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Definitions:

Expected Rate of Return

The anticipated return on an investment, considering both the probability and the amount of potential returns.

Total Investment

The sum of all expenditures on physical assets, financial assets, and other types of investments within a specified period.

Expected Rate of Return

The anticipated percentage of gain or loss that an investment is projected to generate over a specified period, accounting for all known risks.

Total Investment

The sum of all expenditures on capital assets, such as buildings, equipment, and inventories, over a specific period.