GENERAL KNOWLEDGE

Detailed explanation-1: -The concept of Theory X and Theory Y was developed by social psychologist Douglas McGregor. It describes two contrasting sets of assumptions that managers make about their people: Theory X – people dislike work, have little ambition, and are unwilling to take responsibility.

Detailed explanation-2: -Conor McGregor did not do any bachelor’s or master’s studies, but he is now running not only his professional career but some businesses of his own. He quit the job that he hated the most. For that reason, his life saw a drastic change. He was no longer interested in governmental support or temporary jobs.