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lesantik [10]
2 years ago
5

Joe was tired of working for other people. He had an idea to start his own ice cream business and wanted to set it up where he a

lone would be responsible for the decisions and the rewards. In this case, he is exhibiting:
Business
1 answer:
d1i1m1o1n [39]2 years ago
8 0

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.

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8 0
2 years ago
In a bilateral monopoly with one buyer and one seller, the monopoly power of the seller and the monopsony power of the buyer ten
scoray [572]

Answer:

counter-act one another.

Explanation:

As  a bilateral monopoly has one buyer and one seller, the buyer wants to pay the lower price possible and the seller wants to charge a high price. So, they have opposite goals and they have to negotiate considering the power each one has and find an agreement in which both win. According to this, the answer is that in a bilateral monopoly with one buyer and one seller, the monopoly power of the seller and the monopsony power of the buyer tend to counter-act one another as their positions are in conflict and they have to find a middle point to get to an agreement.

The other options are not right because their goals are in conflict so they don't support the idea of the other party and both parties have a relative bargaining power and because of that, the monopoly power of the parties does not favor the buyer or the seller.

6 0
3 years ago
Accounting information include investors and regulators; business owners and employees are included in the intended users of:___
kolezko [41]

Answer: Managerial Accounting

Explanation:

4 0
1 year ago
Rank the nine career characteristics in order of their importance to you, with the first being the most important. A 3-column ch
erastova [34]

Answer:

1. Work Environment.

2. Salary and Benefits.

3. Aptitudes and Abilities.

4. Education and Training.

5. Tasks and Responsibilities.

6. Work Hours.

7. Values.

8. Career Outlook.

9. International Career Outlook.

Explanation:

Just completed it.

6 0
3 years ago
Which of the following is required for all workers to earn identical wages in the long run? Check all that apply. All jobs requi
zepelin [54]

Answer:

All workers have equal ability and can be trained to do different types of employment at minimum cost. Workers can move from one labor market to another at zero cost. All workers must have a bachelor's degree.

Explanation:

In the conventional perfectly competitive model of the labor market, wage-setting is individualistic in the sense that identical workers should receive identical wages in different firms and different workers should receive different wages in the same firm.

8 0
3 years ago
Read 2 more answers
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