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1. Describe the difference between efficiency and effectiveness in a business.

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2. Choose a business with which you have some familiarity and describe the division of labor.Give at least three examples.

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3. Explain why management might take these two different approaches to managing a workforce. Give at least one example.

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4. Describe Michael Porters Five Forces Model. Use them in an example.

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5. Describe five structures that management might use to organize a corporation.

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6. Describe Equity Theory and Expectancy Theory.

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7. Imagine you are the manager of a hotel. What actions would you take to reduce social loafing among the cleaning staff?

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8. Do you believe the Mexican drug cartels, as businesses, are effective?Defend your position.

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9. What is organizational culture?

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10. How does management change an organizations culture?

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