Question

As an owner of a firm what would be your goal
Profit maximization or cost minimization? Why?
Explain with practical examples.​

Answer 1

Answer:

1-The economic recession of the last few years saw employees at the receiving end of job insecurity, layoffs, tight budgets, minimal or no pay raises, benefit cuts, no bonuses, and long hours doing the work of those who had been laid off. Assuming that you were a manager during these difficult times, how would you motivate your employees?

2 -The technical, administrative and interpersonal skills are desirable skills of a project manager. What attributes(skills) do you believe are desirable for an engineering specialist working on a project in a matrix organization