1. A frequently heard complaint about merit raises is that they do little to increase employee effort. What are the causes of this belief? Suggest ways in which the motivating value of merit raises may be increased.
2. Corporate bylaws: establish the name of the corporation. establish the rights granted to its shareholders. set forth the purpose of the firm. establish the rules by which the firm regulates its existence. set forth the procedure by which the stockholders elect the senior managers of the firm.