Podcast
Questions and Answers
An entrepreneur ensures employees' physical workspace is safe and well-maintained. This action primarily demonstrates the entrepreneur's:
An entrepreneur ensures employees' physical workspace is safe and well-maintained. This action primarily demonstrates the entrepreneur's:
- Obligation to maximize production efficiency.
- Responsibility to pay competitive salaries.
- Desire to minimize operational costs.
- Accountability for employee safety. (correct)
Which of the following best describes the relationship between responsibility and accountability, according to the text?
Which of the following best describes the relationship between responsibility and accountability, according to the text?
- Responsibility entails having authority, while accountability involves being answerable for actions. (correct)
- Responsibility and accountability are mutually exclusive.
- Accountability is about making initiative and risk, while responsibility is about answering a problem.
- Accountability is a prerequisite for responsibility.
Why is supporting the career development of employees considered a key responsibility of entrepreneurs?
Why is supporting the career development of employees considered a key responsibility of entrepreneurs?
- It primarily benefits the employee's personal life.
- Because entrepreneurs must enable workers to find a better job.
- It streamlines the business owner's responsibilities.
- It guarantees success in business by promoting new knowledge and skills. (correct)
Jaz is responsible for power supplies, but he is only held accountable if the supplies ever run out, why is that?
Jaz is responsible for power supplies, but he is only held accountable if the supplies ever run out, why is that?
An entrepreneur is MOST directly contributing to the balanced and rapid economic development of the country by?
An entrepreneur is MOST directly contributing to the balanced and rapid economic development of the country by?
Providing minimum hourly wage, overtime pay, sick leave, and bonuses is an example of:
Providing minimum hourly wage, overtime pay, sick leave, and bonuses is an example of:
Which action exemplifies an entrepreneur's commitment to respecting the humane behavior towards employees?
Which action exemplifies an entrepreneur's commitment to respecting the humane behavior towards employees?
Why is establishing and maintaining open communication lines considered vital in small business relations?
Why is establishing and maintaining open communication lines considered vital in small business relations?
What is the role of the government in relation to entrepreneurs, according to the text?
What is the role of the government in relation to entrepreneurs, according to the text?
What is the definition of the word 'entrepreneur'?
What is the definition of the word 'entrepreneur'?
Flashcards
Responsibility
Responsibility
Having authority over one's actions.
Accountability
Accountability
Being liable or answerable for one's actions.
Entrepreneur
Entrepreneur
Someone who takes initiative and risks to create an enterprise.
Entrepreneur's Responsibility to Employees
Entrepreneur's Responsibility to Employees
Signup and view all the flashcards
Safe Working Environments
Safe Working Environments
Signup and view all the flashcards
Respecting Employee Behavior
Respecting Employee Behavior
Signup and view all the flashcards
Support Career Development
Support Career Development
Signup and view all the flashcards
Small Business Relations
Small Business Relations
Signup and view all the flashcards
Responsibilities of entrepreneurs towards the government.
Responsibilities of entrepreneurs towards the government.
Signup and view all the flashcards
Study Notes
- JAZ is a supplies custodian in a power supply company.
- JAZ must ensure parts/supplies are available on-site, note the supplies, and refill them before they run out.
- JAZ is responsible for the power supplies.
- JAZ is accountable and owes an explanation for actions if the supplies run out.
Accountability vs. Responsibility
- Responsibility involves having authority over one's actions.
- Accountability means being liable or answerable for one's actions.
- To be responsible, one must be accountable, and vice versa.
Responsibilities and Accountabilities of Entrepreneurs
- Entrepreneurs have responsibilities to employees, the government, creditors and suppliers.
- An entrepreneur is someone who takes initiative, assumes the risks, generates the idea, and makes an enterprise.
Responsibility and Accountability to Employees
- Entrepreneurs are responsible for paying taxes, salaries, and wages to employees.
- The government requires entrepreneurs to pay Philhealth, Social Security, taxes out of employee wages for each employee working in their business.
- Entrepreneurs must pay employees at least the minimum hourly wage set by the government, including overtime pay, sick leave, and bonuses.
- It is the responsibility of entrepreneurs to ensure the safety of employees' working environments.
- Entrepreneurs must ensure the physical environment is safe and well-maintained, with good lighting, proper temperature, and sufficient space to perform work.
- Employees should be treated with respect and compassion.
- Employees should be allowed to exercise their rights and enjoy being workers of the company.
- Supporting employee career development through the acquisition of new knowledge and skills is essential for business success.
- Encouraging employees to attend seminars and conferences for professional growth supports their career development.
- Creating good relationships with employees protects the interests of everyone.
- Effective communication is crucial for establishing and maintaining good relations.
Responsibilities Towards the Government
- In business, entrepreneurs' responsibilities towards the government, professional institutes, and other business institutions are essential.
- The government sets targets for a balanced and rapid economic development of the country.
Studying That Suits You
Use AI to generate personalized quizzes and flashcards to suit your learning preferences.
