The industrial revolution unleashed the full power of humanity mentally and physically, yet it also seems to frighten our sense of purpose in life. Handmade products were once a source of great pride in craftsmanship, and the trades or guilds were a powerful source of fellowship and community, whereas now work is about abstractions of efficiency and profits, with a very anti-social sterility. There is another change: work used to be primarily something that drained the body, but modern work drains the mind as well as the body. Discuss the efforts of early management practitioners and theorists that led to this modern world of extremes, and mention any steps (if any) taken to keep the workplace humane and dignified.

John and daphne are saving for their daughter ellen's college education. ellen just turned 10 at (t = 0), and she will be entering college 8 years from now (at t = 8). college tuition and expenses at state u. are currently $14,500 a year, but they are expected to increase at a rate of 3.5% a year. ellen should graduate in 4 years--if she takes longer or wants to go to graduate school, she will be on her own. tuition and other costs will be due at the beginning of each school year (at t = 8, 9, 10, and 11).so far, john and daphne have accumulated $15,000 in their college savings account (at t = 0). their long-run financial plan is to add an additional $5,000 in each of the next 4 years (at t = 1, 2, 3, and 4). then they plan to make 3 equal annual contributions in each of the following years, t = 5, 6, and 7. they expect their investment account to earn 9%. how large must the annual payments at t = 5, 6, and 7 be to cover ellen's anticipated college costs? a. $1,965.21b. $2,068.64c. $2,177.51d. $2,292.12e. $2,412.76