MAN324 Organizational Behavior EXAM 1 Study Guide The test will have 33 35 questions The study guide asks you to know information for 45 questions Know all 45 You need to know the specifics not the generalities 1 What are the basic ideas presented in the Ripple Effect video What industries were mentioned as affected both directly and indirectly When someone is laid off they can t keep up with some luxuries they might have been used to i e having Sunday brunch at a fancy restaurant Industry affected that was used as an example in the video Red Stone Grill Fewer customers at the restaurant fewer tips for the waiters bartenders This affects them too waiters bartenders because they now no longer have money for things they might need like their dog handlers Those dog handlers also now have to cut back on some luxuries they used to have Fewer customers restaurant has to cut back on orders like meat from companies like Allen Brothers Because of this the premium meat supplier has to lay off 5 of its butchers and truck drivers 2 Be able to discuss the changes in individual savings patterns during the most recessionary period Greed and fear is a bad combination especially when you add stupid The combination of these three tragedy When you really really want something and when you re really scared not the best time to make decisions People known for this bankers government etc Impractical illogical decision making Layoffs downsizing set backs less travel opportunities less unnecessary purchases If you don t have the money for it don t spend it Live within your means 3 What have been the trends in multigenerational housing over the years What predictions are given for where this trend will go in the years to come as projected There has been a great increase in multigenerational households as of late Economy is in their favor and people are aging living longer and need to be taken care of Expected in year 2025 about 1 3 of households will be multigenerational 4 Understand the general findings from the Time Magazine article claiming that mothers are Tougher on Kids During Recession Author contends that an uptick in strict maternal behavior stems more from anticipation of hard times rather an actual exposure Uncertainty makes people more agitated and difficult to live with Mothers treated their children harsher for each 10 increase in the unemployment rate in the city where they resided Stress stress and more stress Pervasive influence it has on families 5 Know the factors that have caused more and more middle class families to end up homeless Layoff for jobs with few alternatives Multiple family commitments divorce kids Most people don t have enough savings for the rough patches Perceived as overqualified for many jobs Used to have decent insurance not now Kids daycare expenses 50 a day doesn t cut it Gimme that house back the one that you couldn t afford in the first place 6 A number of reasons have been given for companies failing to hire more workers even though it may seem that they are in a position to do so What were the factors discussed Seem to be doing okay with what we have so why take on more expense Trimmed a lot of fat in the past few years and got better at things Earnings may sound good but everything is relative Uncertainty about another recession Debt wars value of the dollar etc Uncertainty in the government with healthcare fiscal policy taxes etc Uncertainty Personal spending big component of the American economy you never really know what you need until it happens unforeseen company expenses Can I get it cheaper elsewhere Don t want to go through that again Like laying off people again UNCERTAINTY UNCERTAINTY UNCERTAINTY People don t like it Companies won t move unless they know what they re going to do will benefit them in the end Otherwise they ll just sit on their hands and not take any risks 7 What factors caused Detroit to file for bankruptcy in the past year as noted in the video City saddled 18 5 billion in debt this was decades in the making Population here has been declining 1 5 million in 1950 to 700 000 people today This means less people are paying taxes There was also the downfall of the auto industry and tax collection corruption 8 How does the recession currently influence what goes on at work despite the fact that it allegedly ended several years ago What were the findings of recent survey Just know the findings not the numbers Recession related stress is still contributing to the workers dissatisfaction and frustration with work feelings of isolation pessimism about the future of their companies career disappointment job anxiety and burnout and perceptions that co workers are overly political and self serving Still work harder as a result of the recession in their organization Still must do more with less due to the recession Management still cuts them less slack when compared to pre recession levels Job security remains lower than its pre recession level Management is stingier than before the start of the recession 9 The recession has caused many to question the importance of work relative to the other aspects of life In this regard what information did the Christian Sciences Monitor article provide in support of such a claim People have put great stock in work that they often miss important things like piano recitals little league games etc important things that you miss out on because you had to do what you had to do Hochwarter described the financial downturn as a wakeup call for many people who thought they were doing what was best for their family but who now question the choices they made Nearly 40 of workers admitted the job was not as important to them now as it once was and 23 realized they had put it ahead of family and free time More than 70 of workers said most days at work it felt like the day would never Hochwarter and his team research associates Tyler Everett and Stuart Tapley also found the impact of the recession was different on men and women While men thought their job was not giving them what they thought it would and left them feeling stressed and like they were going nowhere women felt their job was taking them further and further away from family end 10 Know the gender wage gap changes over the course of one s career What are the numbers for those 30 and younger as well as 55 and older Women make 75 of what men make Fluctuates from 70 100 These are averages be wary of these Women in Florida fare slightly better than the national
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