Explain Why a Firm May Hire Managers to Operate Outlets

question 68

Essay

Explain why a firm may hire managers to operate outlets near the firm's headquarters,but may sell franchise rights for the outlets located greater distances from the headquarters.(With a franchise,the firm sells a brand name and a method of doing business to someone who then owns and operates the outlet.)

Explain the role of job design in motivating employees.

Understand the influence of generational differences on workplace motivation preferences.

Understand the principles and processes involved in preparing budgeted financial statements, including balance sheets and income statements.

Analyze and prepare cash budgets, including expected cash receipts and disbursements.

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Definitions:

Two-Factor Theory

A psychological theory that proposes emotions are based on two factors: physiological arousal and cognitive labeling of that arousal.

Polygraph Principle

The polygraph principle is based on detecting physiological changes in the body as a response to questions, used to infer truthfulness.

Spillover Effect

The spillover effect describes a situation where an event in one context or domain influences events in another context or domain, often extending the impact beyond the initial area.

James-Lange Theory

A theory suggesting emotions result from the perception of bodily reactions to external events.