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Final

MGTA01H3 Study Guide - Final Guide: North American Free Trade Agreement, Absenteeism, United States Presidential Election, 2008


Department
Management (MGT)
Course Code
MGTA01H3
Professor
D
Study Guide
Final

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From Chapter 5
During the 2008 US presidential election campaign, then candidate (now President)
Barack Obama said that, if elected, he would “renegotiate NAFTA"
i) in 5 or 6 words, what is NAFTA 1 mark
ii) in 4 or 5 sentences, explain NAFTA 2 makrs
iii) Apart from Canada and the USA, what third
country is party to NAFTA? 1 mark
iv) If Mr. Obama did re-negotiate NAFTA, what do you 1 mark
think the likely effect would be on Canadian GDP?
v) Explain and justify your answer. 2 marks
From Chapter 7
When Chris Bovaird was young, his behaviour and his early formation were managed
by his mother. At Grandmother’s house on Sundays, Chris’ mother would tell him to
wash his hands before coming to the dining room table. Occasionally, when Chris’
hands weren’t clean, she would send him back to the bathroom, saying “Those hands
are not clean enough! Now go back and do it again!”. Which of the four activities which
are fundamental to management, was Chris’ mother practicing? Explain and justify your
answer.
From Chapter 10
One of the first businessmen to adopt the Principles of Scientific Management proposed
by Frederick Taylor was Henry Ford. Ford applied the Principles of Scientific
Management at one of his automobile assembly plants. In the first six months after the
adoption of the Principles of Scientific Management, the time it took to manufacture a
single Model A Ford fell by 40 per cent. However, in the next eighteen months,
productivity decreased, and the time it took to manufacture an automobile went back
almost to the level it was at prior to the introduction of the Scientific Principles.
Explain Taylor’s Principles of Scientific Management, and explain why productivity
first increased so dramatically, and then why it subsequently decreased.
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