The Basis for the Drive System That Characterized Management in the Early

question 11

Multiple Choice

The basis for the drive system that characterized management in the early 1900s was the core belief that:

• A) Labor was like any other factor of production and should be driven to attain maximum production for the least cost.
• B) Labor was driven by its own desires and needs and therefore should have a voice in how it was managed.
• C) The drive to succeed was so high that workers would be willing to do anything to get ahead.
• D) Automation and replacement of human labor with machinery was paramount to organizational success.

Recognize the importance of confronting troubled employees with evidence and providing them a fair chance to respond.

Understand the significance of supervisors being calm and objective when administering discipline.

Recognize the necessity of rewarding desirable behavior and the implications of negative consequences for problem behavior.

Identify legal and ethical considerations in disciplining employees for drug use or other personal issues.

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Definitions:

Coupon Bond

A debt security that pays interest to its holder through coupons at designated times until it matures, when the principal amount is repaid.

Par Value

The face value of a bond or a stock's stated value, as set forth in the corporate charter.

Yield To Maturity

The total return anticipated on a bond if it is held until the maturity date, considering all interest payments at set intervals and the principal repayment at maturity.

Intrinsic Value

The actual, inherent worth of an asset or company, not necessarily matching its current market value.