MGMT 591 Midterm Exam

1. Question: Consider this story that appeared in the August 11, 1998 Wall Street Journal: Work Hard, Play Hard: Employers use fun to boost morale All 25 partners at Certilman, Balin, Adler & Hyman, an East Meadow, N.Y., law firm, are invited to a free conference-room lunch every day. Managing partner Bernard Hyman says the lunches began as a chance to talk business but soon became anticipated social gatherings. “We tell stories, talk about the weekend,”� he says, “talk about the football game, talk about our husbands, talk about our wives, talk about our children.”�   2. Question: TCO (C). An October 15, 2004 article by Scott Wyman in the South Florida Sun-Sentinel included the following information on salaries awarded in the county: “When it comes to getting extra money as a reward for hard work in Broward County government, it pays to work as closely as possible to county commissioners — preferably right outside their office doors. The average bonus given to that elite staff topped the $5,000 maximum set in the incentive program 3. Question: Organizational Behavior is just common sense and has little relevance for managers today. Discuss this statement giving examples to support your answer.   4. Question: TCO (E). In the May 18, 1998 issue of BusinessWeek, the story line read “Nice Guys Finish With MBAs.”� The following is an excerpt from that piece: ” . . . nearly half of this year’s top B-school graduates turned down their highest-paying job offer, preferring to work for companies that offered room for personal growth or had a more appealing corporate culture.”� (p. 8)

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