In order to outline the main areas of weaknesses in Will’s decision, this paper provides a brief overview of the basic concept of economics, which Will might have missed due to his lack of knowledge. The first principle that should be mentioned is the marginal analysis. This concept is related to weighing the costs and the benefits of a particular decision (McConnell, 2009, p. 5). In that regard, prior to taking vital decisions, such as raising the price of the book, Will should establish the marginal costs and the marginal benefit of such decision, and compare them in order to establish the reasonability of taking such move. Such basic concept can be applied to all the decisions presented in the scenario, such as digitizing older books, using CD copies of the books, or hiring employees to do the job.
Outline and evaluate psychological explanations of the dissolution of romantic relationships (8+16 marks) Duck’s phase model and Lee’s stage model both can be used to identify the stages of breakdown in a relationship and suggest appropriate ways to attempt to repair the relationship. Duck focuses mostly on the process after the initial point of breakdown within the relationships whereas Lee focuses mainly on the various processes involved when there is still hope that the relationship can be salvaged. Duck’s 1982 phase model gives four stages in the dissolution of a relationship. He claims that the first stage in the breakdown of a relationship is the Intrapsychic phase in which one or both of the partners begin to consider the problems that exist within the relationship, but at this stage, they do not speak out about these perceived problems. The second stage is the Dyadic phase when the troubled partner confronts their partner and tries to correct these problems; this stage can involve the assistance of a marriage counsellor to help resolve any issues contributing to this dissolution.
Make a decision whether to discard the null theory. To do this the Z score must be compared to the cutoff sample score which was found out in step 3. 14. Based on the information given for each of the following studies, decide whether to reject the null theory. For each, give (a) the Z-score cutoff (or cutoffs) on the comparison distribution at which the null theory should be turned down, (b) the Z score on the comparison distribution for the sample score, and (c) your conclusion.
The test statistic is used to determine whether the researcher should use the null or alternative hypothesis. The third step is to state the conditions that will accept or reject the null hypothesis and identify the critical value for the test statistic. The critical value separates the non-reject region from the reject region ("Test Of Hypothesis", 2014). The fourth step is to compute the appropriate test statistic and compare it with the critical value. The null hypothesis is rejected if the computed
Fayol vs Mintzberg, who is right? The theoretical models of management presented by Henri Fayol and Henry Mintzberg respectively, bear clear and striking differences in how they explain the “changing nature of management and leadership”(Brooks, 2009). To argue whether the image displayed by Fayol is superior to that of Mintzberg I will examine the strengths and weaknesses of the differing models and compare, as well as with the opinions of other theorists. This will allow me to conclude which image is superior and in what senses the descriptions of management established by Mintzberg are ineffective. In this essay I will argue that while it is clear that the concepts of Fayol have been largely superseded by modern descriptive views such as those of Mintzberg and Kotter, he laid out the foundations so to speak (remove this) that allowed modern thinkers to develop their theories in greater detail.
On the “stinker” jobs workers would lower their effort or intentionally slow down the production by “goldbricking” or “holding back” and demand price increase. Roy presented his findings of the restriction of output with rough measuring of the same, with estimation on the amounts according to his own work, and fellow operator’s production. What are the main theoretical findings of the article? One of the main focuses in the researches of output
Please discuss the above case in your group and answer the following questions: Que.1. how would you relieve Swati’s anxiety? How is a course in OB going to make her a better manager/leader? Que. 2: why did the professor start off with a brief overview of emerging environmental challenges?