8211; The levels of management and responsibility in an organization. 8211; A document outlining the responsibilities and duties which must be carried out by a person in a certain position. 8211; involves granting a subordinate the responsibility to do certain tasks. The final responsibility of the task is NOT delegatedl. The manager will receive the blame.

Times change, People change, at least the pictures and memories dont.

Business objectives and their importance. Any entrepreneur starting up a business has a number of goals that they would want to achieve, which are called objectives. Over a period of time, the objectives of a business may change as the business grows or in the likely event that it faces difficulties. Owners will expect some return on the money they have invested in the business.

This is most common form of business organization. So his creditors can force him to sell his possessions in order to settle the debt. A tad harsh no? Advantages of a sole trader. There are few legal regulations for the trader to worry about when he sets up the business. Disadvantage of a sole trader. The business is likely to s.