An Entity or Individual Granted the Right to Conduct Business

question 7

Multiple Choice

An entity or individual granted the right to conduct business according to specified methods and terms of another party is known as a

• A) franchiser.
• B) franchisee.
• C) franchise.
• D) licensee.

---

Definitions:

Hawthorne Experiment

A five-year study conducted at the Western Electric plant in Hawthorne, Illinois, that showed that workers performed better when someone was paying attention to them.

Elton Mayo

A pioneering researcher in organizational theory, particularly known for his work on the Hawthorne Studies, which highlighted the importance of social relations in the workplace.

Mutual Respect

A reciprocal understanding and recognition of the value and importance of others, fostering positive relationships and communication.

Theory Y

A management approach that assumes employees are motivated, self-directed, and enjoy the work they do, advocating for a participative style.