1. Why does Daniel Gilbert, author of Stumbling on Happiness, say that experiences might bring more satisfaction than durable goods? Do you agree or disagree?
a. According to Daniel Gilbert, the things one is able to do with their money is the means by which one attains maximum happiness. This is no surprise because people tend to be more satisfied when they are able to spend or share their money with others who they share a deep relationship with. The experiences one makes with family and friends are memorable for a long time, and shared experiences are something that money can’t buy. Our time in this world is finite. What we are able to achieve depends on what, how, and with who we decide to spend our money
2. Harvard economists Alberto Alesina and Paolo Giuliana say that strong family ties …show more content…
Economics is an interdisciplinary field of study that has greatly contributed to the study of resource management as it helps relate households, markets, industries, and economies. In relation to resource management, the most relevant topics deal with human resource planning, financial management, households, and microeconomics as it mainly focuses on the behavior of each consumer. Every person acts selectively in making financial decisions, allocating and managing resources to ultimately achieve a desired outcome.
4. How does technology influence management style? Give an example of a recent technological change and explain how individual or family lifestyles were impacted.
a. Technology plays a significant role in management styles since it incorporates materials and methods of achieving things such as laws, tools, objects, and processes. New technologies define the means by which we do things and how we decide to spend and allocate our resource with new information being readily available. The most obvious contribution affecting management style concerning technology is the introduction of email, instant messaging, and the internet as it adds new means of
a. According to Daniel Gilbert, the things one is able to do with their money is the means by which one attains maximum happiness. This is no surprise because people tend to be more satisfied when they are able to spend or share their money with others who they share a deep relationship with. The experiences one makes with family and friends are memorable for a long time, and shared experiences are something that money can’t buy. Our time in this world is finite. What we are able to achieve depends on what, how, and with who we decide to spend our money
2. Harvard economists Alberto Alesina and Paolo Giuliana say that strong family ties …show more content…
Economics is an interdisciplinary field of study that has greatly contributed to the study of resource management as it helps relate households, markets, industries, and economies. In relation to resource management, the most relevant topics deal with human resource planning, financial management, households, and microeconomics as it mainly focuses on the behavior of each consumer. Every person acts selectively in making financial decisions, allocating and managing resources to ultimately achieve a desired outcome.
4. How does technology influence management style? Give an example of a recent technological change and explain how individual or family lifestyles were impacted.
a. Technology plays a significant role in management styles since it incorporates materials and methods of achieving things such as laws, tools, objects, and processes. New technologies define the means by which we do things and how we decide to spend and allocate our resource with new information being readily available. The most obvious contribution affecting management style concerning technology is the introduction of email, instant messaging, and the internet as it adds new means of