Ellayne Manages a Busy Law Practice as a Sole Practitioner

question 61

Multiple Choice

Ellayne manages a busy law practice as a sole practitioner.With regard to business risk management,where should serious consideration be given to have broad benefit for Ellayne?

• A) all complications arising from inability to contract for employees
• B) all adverse affects of illness or incapacity
• C) some complications arising from the hiring and firing of employees
• D) some adverse affects of taxation of profits

Explain the purpose of controlling and its significance in achieving organizational objectives.

Apply the concept of corrective action based on the comparison of actual performance against standards.

Differentiate between various performance comparison approaches (relative, engineering, historical).

Recognize the significance of setting appropriate performance standards and objectives.

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Definitions:

Job Design

The process of defining how work will be performed and what tasks will be required in a given job, aimed at improving job satisfaction and productivity.

Job Analysis

A systematic process of collecting and examining information about a job's content and the qualities required to perform it effectively.

Job Enrichment

The process of making a job more rewarding, challenging, and interesting by adding responsibilities or new tasks that increase the worker's control or participation.

Rewarding

The act of providing incentives or compensation to employees as recognition for their work performance, contribution, or achievement, aiming to motivate and retain talent.