Managers Are Motivated to Accomplish Objectives If They Feel That

question 63

Essay

Managers are motivated to accomplish objectives if they feel that their efforts will be fairly evaluated. Explain why an organization may use different bases for evaluating the performance of managers of different types of responsibility centers.

Analyze the liability issues in partnership business structures.

Know the laws regarding discrimination in employment based on sexual orientation.

Understand the terms of share maintenance and departure of founders in various business entities.

Explore legal supports available for entrepreneurs, including law school clinics.

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Definitions:

Expressed Agreement

A contract in which the terms are stated clearly and explicitly, typically in written or spoken form.

Agents

Individuals or entities authorized to act on behalf of another, known as the principal, in commercial transactions or legal matters.

Employees

Individuals who are hired by an employer to perform specific tasks or services in exchange for compensation.

Ratification

The act of formally approving an agreement or treaty, making it officially valid.