Distinguish Between Franchising and Licensing

question 28

Essay

Distinguish between franchising and licensing.

Recognize the impact of personality traits and personal values on individual behavior and decision-making.

Identify factors that cause stress for individuals and understand the concept of coping mechanisms.

Explain the role of diversity in the workplace and the importance of supporting it.

Describe the dimensions of national culture according to Geert Hofstede and their implications for organizations.

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Definitions:

Interests

Preferred activities influenced by an individual’s values which also can provide information about potential career choices.

Salary

Salary refers to a fixed regular payment, typically expressed on an annual basis, made by an employer to an employee, especially a professional or white-collar worker.

Values

A set of beliefs or ideas developed throughout an individual’s life which are important to him or her and are likely to predict the type of career the individual will enjoy.

Interest Inventories

Tests widely used in counseling and career assessment which evaluate a client’s interest, provide a wealth of knowledge of a client’s likes or dislikes, and gain insight into an individual’s personality.