Discuss one classical organizational theory and compare with two other theories of management identified in the weekly readings. Provide examples to illustrate how each theory has been or is depicted in the workplace. Using the three identified theories, discuss how the role of the manager in each theory has changed/evolved over time. It is assumed that the classical theories of management are dated and not relevant in today’s business environment. Identify a classical theory and explain why and how it is relevant in business today; Frederick Taylor proposed a theory of management that focused on efficiency and motion. Discuss whether Taylor's theory is applicable in today's business environment.

If a firm plans to issue new stock, flotation costs (investment bankers' fees) should not be ignored. there are two approaches to use to account for flotation costs. the first approach is to add the sum of flotation costs for the debt, preferred, and common stock and add them to the initial investment cost. because the investment cost is increased, the project's expected return is reduced so it may not meet the firm's hurdle rate for acceptance of the project. the second approach involves adjusting the cost of common equity as follows: . the difference between the flotation-adjusted cost of equity and the cost of equity calculated without the flotation adjustment represents the flotation cost adjustment. quantitative problem: barton industries expects next year's annual dividend, d1, to be $1.90 and it expects dividends to grow at a constant rate g = 4.3%. the firm's current common stock price, p0, is $22.00. if it needs to issue new common stock, the firm will encounter a 6% flotation cost, f. assume that the cost of equity calculated without the flotation adjustment is 12% and the cost of old common equity is 11.5%. what is the flotation cost adjustment that must be added to its cost of retaine