Principles of management deals with managing things by means of certain activities, like planning, organizing and controlling. Through these activities the companies operate their major fundamentals in order to obtain their goals and objectives (Carpenter, Bauer, Erdogan & Short).
2. Explain all expediency theories?
Expediency Theories: In taxation, certain main theories are coined which are discussed below:
Socio-Political Theory: This theory signifies that social as well political goals should be made the main factors while choosing taxes that is a theory should be designed in such a way to remove the evils of a society.
Expediency Theory: Every tax proposal made should be able to pass an expediency test first. …show more content…
As the physiological needs of their employees would be fulfilled by offering a good pay, the safety need by offering health insurances and medicals, social needs by maintaining friendly working environments, occasional excursion trips, esteem needs by promoting their employees and lastly, the self-actualization need by activities of development and growth (Carpenter, Bauer, Erdogan & Short).
20. Explain the Expenecy Theory?
This theory is based on three questions which an individual asks from himself in order to get motivated. First, an individual seeks from himself that will his increased strength would yield a desired result in terms of performance? (Called expectancy). Second, is there a direct relation between performance and reward (known as instrumentality).Third, the value of the final reward in eyes of an individual (valence).If an individual is happy with these results, then, it is most likely that he would do effort.
21. What is the goal of reinforcement theory and why does it value punishing negative