Purpose of Assignment
Why do businesses enter into agency relationships and hire independent contractors instead of employees. Is it simply cost? Is it a question of liability, or is it a combination of the two? As you approach this week's assignment, consider these questions and think about how they impact risk and what factors in that business create the most risk for the employees and executives. Is it always the same?
Resources: Legal Environment of Business: Online Commerce, Business Ethics, and Global Issues: Ch. 18, 19, 20, and 21.
Scenario: As employment costs continue to escalate, it is incumbent upon organizations to continually monitor its internal operations to ensure best practices are being followed. To that end, your CEO has asked you to prepare a SWOT (Strengths, Weaknesses, Opportunities, Threats) analysis.
Prepare an 8- to 10-slide Microsoft® PowerPoint® presentation, including detailed speaker notes for each slide (other than title and references) that examine the following:
Differentiate between the following Agency authority types: Express, Implied, Apparent and Ratification.Discuss what classifies a worker as an independent contractor.Consider the impact a principal and agent creates on the business and its employees.Cite a minimum of three references taken from a business or legal resource. At least one reference must be from the University Library.
Why do businesses enter into agency relationships
Date Published: 05 February, 2018