Exciting News: Bob Jones Ventures into Solo Accounting Practice!
Is Bob Jones performing the role of manager at "Jones & Company Certified Public Accountants"?
a. Bob is a manager because he manages all of the administrative work at the new firm.
b. Bob is a manager because he manages his only employee, himself.
c. Bob is a manager because he is responsible for every task at the new firm.
d. Bob is not a manager because he lacks one of the basic resources for management, human resources.
Answer:
C. Bob is a manager because he is responsible for every task at the new firm.
Understanding the Role of a Manager
A manager is someone who is responsible for planning, organizing, and controlling the work of others. In a solo proprietorship, the owner typically takes on the role of the manager, as they are accountable for all aspects of the business.
Even though Bob is the sole employee at Jones & Company, he is still considered a manager because he handles all tasks at the firm. As a manager, Bob is in charge of planning his work, organizing his time efficiently, and ensuring the quality of his work.
Being a manager in a solo practice requires wearing multiple hats and juggling various responsibilities. Bob's transition from a traditional accounting firm to running his own practice showcases his entrepreneurial spirit and managerial skills.