The Foundation of the U

question 133

Multiple Choice

The foundation of the U.S. economic system is based on

• A) capitalism.
• B) the ideas of Thomas Malthus.
• C) equality.
• D) the saying, "from each according to ability, to each according to need."

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Definitions:

Wagner Act

A foundational piece of U.S. labor law enacted in 1935 that established the rights of workers to form unions and engage in collective bargaining.

Theory Y

A management notion that assumes employees are inherently motivated and enjoy their job duties.

McGregor

Douglas McGregor, an influential management thinker best known for his Theory X and Theory Y, which describe two contrasting models of workforce motivation and behavior.

Pareto Analysis

A statistical technique in decision-making used for the selection of a limited number of tasks that produce significant overall effect.