Shared Flashcard Set

Details

ch 4 5 6 7
mngt 360 exam 2
4
Management
Undergraduate 3
05/03/2012

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Cards

Term
how does agency theory explain pay?
Definition
Owners are more likely to cut costs for personal wealth, managers can use more resources across the company.
Term
is pay an effective organizational reward?
Definition
yes, if pay is cut employee morale and overall productivity will decrease
Term
why pay for performance instead of traditional
Definition
workers who are willing to work hard and had stamina can make more each day (7 cents a ton)
Term
why recognition instead of pay?
Definition
recognition is a nonfinancial reward so it can be given at any time, not just 1x or 2x a year
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