Answer:
Authority - Responsibility Balance & Incentive Development.
Explanation:
Authority refers to the power to command, give orders to somebody. And enjoying the position of having right to get it obeyed.
Responsibility refers to being in a position of accountability, answerability for an allocated task or job & its performance.
For Eg : A manager given responsibility to complete a task of production targets achievement, is also given authority to command the entire staff at the production site.
Joe had problem while working for someone else that :- he had responsibility to complete employers allocated task, but may be not given enough authority to do so, thats why he felt he is being 'commanded by, working for' someone else. Also, he doesn't owe the rewards of his acts, so lacks incentive.
Being an entrepreneur will entitle him with managerial responsibilities, but at the same time will also give him higher authority to take his own independent decisions. And, he is himself responsible for his acts, will bear losses or enjoy profits for himself. So, it also incentivises him to work for himself.
Joe is a new broker. He will be required to reconcile his escrow account monthly.
<h3>
Who is a broker?</h3>
- In order to earn a commission after the trade is completed, brokers organize transactions between buyers and sellers.
- Brokers that take on dual roles as buyers or sellers are considered primary parties to the transaction.
- Neither function should be mistaken with that of an agent, who represents the principal party in a transaction.
- An impartial party whose services are often used in several businesses is a broker.
- The main duty of a broker is to connect buyers and sellers; as a result, the broker acts as a neutral intermediary between a buyer and a seller.
- A real estate or stockbroker who helps in the sale of a property would be an example.
To learn more about broker with the given link
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43 colleges offer avionics
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Question
Cash flows during the first year of operations for the Harman-Kardon Consulting Company were as follows: Cash collected from customers, $325,000; Cash paid for rent, $37,000; Cash paid to employees for services rendered during the year, $117,000; Cash paid for utilities, $47,000. In addition, you determine that customers owed the company $57,000 at the end of the year and no bad debts were anticipated. Also, the company owed the gas and electric company $1,700 at year-end, and the rent payment was for a two-year period. Calculate accrual net income for the year.
Answer:
1- Change the advertising image of the brand. Every year trends change and therefore adjustments must be made so that the products adapt to the modern.
2- Market study to know if the products are advancing according to the project according to the participation of the square.
3- In the market study, the prices must also be reviewed, which must be consistent with the competition
4- Discounts could be offered on the products, to attract new customers.
The competitive advantages of performing these actions is that the products and in the consumer's mind will always be updated.
