COST ACCOUNTING
INFORMATION FOR DECISION MAKING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Theory Z workers work better for theory X than theory Y.
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Employees like to work as they like to play or rest.
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Theory X is correct but needs some modification.
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Theory Y was created for Gen Xers.
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Detailed explanation-1: -Theory Y makes the following general assumptions: Work can be as natural as play and rest. People will be self-directed to meet their work objectives if they are committed to them. People will be committed to their objectives if rewards are in place that address higher needs such as self-fulfillment.
Detailed explanation-2: -Theory Y – people are self-motivated and enjoy the challenge of work. Managers with this assumption have a more collaborative relationship with their people, and motivate them by allowing them to work on their own initiative, giving them responsibility, and empowering them to make decisions.
Detailed explanation-3: -Theory Y denotes a positive view of human nature and assumes individuals are generally industrious, creative, and able to assume responsibility and exercise self-control in their jobs.
Detailed explanation-4: -Theory Y Characteristics Involves employees in decision making, but retains power to implement decisions. Allows employees to work alone. Constantly gives rewards and feedback. Gives employees frequent opportunities for promotion.
Detailed explanation-5: -What is Theory Y management? Theory Y management suggests that people are motivated by fulfillment, success and a personal desire to achieve. These managers believe that their employees are talented and valuable, and they regularly ask for input when looking to innovate or solve problems.