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Theory X and Theory Y
Douglas McGregor suggested that managers hold 2 distinctive views of their employees and that these views have implications for how managers motivate their workers. Theory X assumes that employees dislike work, are lazy, dislike responsibility, and must be coerced to perform. Theory Y assumes that employees such as work are creative, searching responsibility, and can exercise self-direction. McGregor proposed that Theory Y assumptions were more valid than Theory X. thus; participation, responsibility, and good group relations would maximize employee motivation.
Historical Review: In the case of historical reviews our job is to describe what happened in the past so that we can understand the present or plan for the future.
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The average balance for customer accounts in The Reserve Fund at the time it was frozen by the Securities Exchange Commission (SEC) was $22,500, with a standard deviation of $7,500
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