2ND SEMESTER-FINALS-QUIZ 1 (M2-L1)

Refers to the duty or obligation to satisfactorily perform or complete a task (assigned by someone, or created by one’s own circumstances) that one must fulfill, and which has a consequent penalty for failure

(a)  

the obligation to demonstrate that work has been conducted in compliance with agreed rules and standards or to reportfairly and accurately on performance results vis-à-vis mandated roles and/or plans.

(a)  

one who organizes, manages and assumes the risk of an enterprise

(a)  

They are the ones who contribute effectively towards the success of every business so, in return entrepreneur has responsibilities and accountabilities to fulfill for the safety and welfare of their employees.

(a)  

The company should have an attractive compensation packages to attract more potential talents who can be a help in achieving organization’s long-term goals.

(a)  

Mismatching of jobs with employee’s qualification is discouraged.

(a)  

When injuries occur through no fault of their employees, it’s their responsibility to file a claim with their employees’ insurance provider.

(a)  

The government imposes various types of taxes, like, income Taxes, sales tax, excise tax, tariff duties and wealth tax on the entrepreneur and business, for raising financial resources

(a)  

The responsibility of the entrepreneurs is that they do not seek political patronage by providing undue economic help to any political party or politicians during elections.

(a)  

Employees are more likely to strive in their work if there is anticipated reward, they’ve value, such as salary increase, bonus, and promotion, rather than if there is none

(a)