Use the Binomial Series to Expand $\frac { 1 } { ( 1 + x ) ^ { 3 } }$

question 102

Essay

Use the binomial series to expand $\frac { 1 } { ( 1 + x ) ^ { 3 } }$ as a power series. State the radius of convergence.

Understand the concepts of profit-sharing and gain-sharing plans and their differences in distributing organizational earnings to employees.

Explain the reinforcement theory of motivation and the strategies of reinforcement employed in managing employee behaviour.

Describe the content theories of motivation including Maslow's hierarchy of needs, Alderfer's ERG theory, Herzberg's two-factor theory, and McClelland's acquired needs theory.

Understand the role and implementation of skills-based pay systems within team settings and their effect on team performance and skills development.

---

Definitions:

Intuiting

The ability to understand or know something immediately, without the need for conscious reasoning; a gut feeling or instinct.

Cognitive Dissonance

A psychological discomfort experienced when an individual holds two or more contradictory beliefs, ideas, or values at the same time.

Escalation

The process of something becoming or being made more intense, severe, or serious.

Optimism

A mental attitude reflecting a belief or hope that the outcome of some specific endeavor, or outcomes in general, will be positive, favorable, and desirable.