Section I: Multiple Choice/Fill in the blank (9 points)

Choose one answer (2 points each)

1. If a manager had an underperforming employee, the scientific management/ organizational behavior approach to improve employee performance would be to focus on the relationship (for example, motivation, care).
2. Scientific management / organizational behavior view employees as not being valuable, and unable to make smart decisions by themselves.
3. T/F: To succeed as an entrepreneur, you must quit your job to start a business as that will guarantee you can focus and put enough time and energy into your business.
4. Fill in the blanks (3 points). In 2005 Gastronomica only owned Burger Boutique. Today, Gastronomica owns eight restaurants including Burger Boutique, Slider Station, Cocoa Room, Nomad Kitchen. By having eight restaurants compared to having only one, Gastronomica can increase/ decrease costs of material such as bread and potatoes by increasing/decreasing the quantity it buys. This is called ___________________