You Are the Owner of a Comfort Inn and Would

question 8

Multiple Choice

You are the owner of a Comfort Inn and would like to hire a new general manager. In terms of preventing possible agency problems, what should you include in your offer?

• A)a very high fixed salary
• B)a fancy office with a private secretary
• C)a 37-hour workweek
• D)profit sharing

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Definitions:

Social Order

The organized and established system of social norms, values, practices, and hierarchical structures that guide individual and group behavior within a society.

Conflict Theory

A sociological perspective that focuses on the inherent conflicts of interest between different social groups, often revolving around issues of power, resources, and inequality.

Functionalism

A sociological perspective that explains social structures and institutions as components that work together to maintain societal stability and functionality.

Social Control

Mechanisms, strategies, and institutions society employs to persuade individuals to conform to norms and laws.