Which of the following management theories advocates employee ownership, profit sharing, and gain-sharing plans?
A) McGregor's Theory X and Theory Y
B) Hawthorne studies
C) Fayol's Administrative Principles
D) Maslow's hierarchy of needs
E) Follett's organizations as communities

Question

Quizplus · Accepted Answer

Follett's organizations as communities theory emphasizes the importance of teamwork, collaboration, and cooperative decision-making. It advocates for employee ownership and profit sharing, as well as gain-sharing plans, to encourage a sense of community and motivation among employees. The other theories do not specifically address these concepts.

Which of the Following Management Theories Advocates Employee Ownership, Profit