Bob Johnson Is the Sole Owner of Johnson's Carpet Cleaning

question 45

Essay

Bob Johnson is the sole owner of Johnson's Carpet Cleaning Service. Bob purchased a personal automobile for $10,000 cash plus he took out a loan for $20,000 in his name. Describe how this transaction is related to the business entity concept.

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Definitions:

Positive Reinforcement

A method of encouraging desired behaviors by rewarding them, thereby increasing the likelihood that these behaviors will be repeated in the future.

Negative Reinforcement

A behavioral concept where the removal of an unfavorable event or outcome strengthens the likelihood of a desired behavior occurring in the future.

Influence Tactics

Strategies or methods used by individuals or groups to persuade or motivate others to follow their directives or accept their ideas.

Coalition Tactics

Strategies used by individuals or groups to form alliances in order to achieve a common goal, often seen in politics and organizational behavior.