Answer all question from this section. State whether each of the following statements are True or False

1. Firms are business organizations carrying out various activities such as manufacturing, wholesaling or distribution.
2. In terms of employment Act Cap 47:01 a contract where the employee will be working outside the territory of Botswana can be oral.
3. Salary surveys are only conducted as an in-house exercise.
4. Job Pricing process implies that jobs should be given their worth.
5. Trade unions have no influence on pay structures.
6. Stock Option Plans allow employees to buy shares in a company as a way of achieving congruence between the company and employees.
7. Participation in decision making is an example of extrinsic reward.
8. Social security is an example of benefits imposed by the law.
9. Reinforcement theory focuses on how people become motivated.
10. Management philosophy provides the direction for organizations.