BUS101 Economics terms (busi,econ) 96

BUS101 Economics terms (busi,econ) 96 - A provide venture...

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A. find it difficult to remove family members from positions, even if it is not good for the business. Term (p. 167) As a small business owner, Tanika can't afford to provide her employees with the high wages and benefits offered by big corporations. One way to re- tain her employees and create a high level of motivation would be to: A. constantly communicate with them that "at least they have a job." B. adopt a policy of promoting workers who have been employed the longest. C. empower her employees to develop their own ideas. D. hire only family members, since they are more loyal. Definition C. empower her employees to develop their own ideas. Term (p. 168) After retiring as a telecommunications executive, Chad joined SCORE. As a SCORE counselor Chad will:
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Unformatted text preview: A. provide venture capital funds for aspiring small businesspeople. B. visit high schools to advise students who are thinking about starting their own business. C. help in the research and development of new products for entrepreneurs to market. D. provide consulting services to small businesses for free. Definition D. provide consulting services to small businesses for free. Term (p. 169) The size of the world market is: A. 500 million B. 6.7 billion C. 5 million D. 10 trillion Definition B. 6.7 billion Term (p. 169) According to the U.S. Department of Commerce, a ________ of small businesses export their goods. A. small percentage B. large percentage C. decreasing number D. decreasing percentage...
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