ECON 1000 Lecture Notes - Lecture 1: Lillian Moller Gilbreth, Frederick Winslow Taylor, Henri Fayol
Document Summary
Mid-term examination (part 1- bep) adm. 1300. Fixed costs remain the same (they are fixed) at ,000. Outline and discuss the classical school of management in detail. (35 marks) No matter what the organization is, you apply general principles of management; there is one best way to manage. Studied everything from the roman catholic church to the prussian army; developed the general principles of. Manage organization by rules and regulations ( 3 marks) Outline and discuss the 4 types of commercial corporations provided for in canadian law, citing the specific characteristics of each type of corporation. (12 marks) Private less than 50 shareholders; not traded on public exchanges; closely held corporations; usually family owned. Typically more than 50 shareholders; thousands in fact. Mixed - owned by private industry and government; usually in the resource sector of the economy. Outline and discuss five (5) rights of a shareholder. (10 marks) Pre-emptive right right to maintain percentage ownership of business.
