The need for effective management becomes greater as the business expands ANS T

The need for effective management becomes greater as

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12.The need for effective management becomes greater as the business expands. PTS: 1 REF: p. 503 OBJ: 19-2 TYPE: C 13.Entrepreneurs who follow a win-win strategy are taking an approach that ensures that their own firm will achieve the outcomes that are best for their own firm. PTS: 1 REF: p. 511 OBJ: 19-3 TYPE: C 14.Top-level executives in a large corporation have a distinct advantage over the leader of a small business in exerting their influence. PTS: 1 REF: p. 496 OBJ: 19-1 TYPE: C 15.The last step in the control process is establishing standards. PTS: 1 REF: p. 507 OBJ: 19-3 TYPE: C 16.Developing a plan for the firm helps the entrepreneur to think through the issues faced by the firm as well as providing a focus for the firm. PTS: 1 REF: p. 504 OBJ: 19-3 TYPE: C
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17.Owner-managers of small businesses typically overdo the amount of planning. PTS: 1 REF: p. 504 OBJ: 19-3 TYPE: C 18.As a firm moves from Stage 1 to Stage 4, the pattern of entrepreneurial activities changes in that the entrepreneur becomes less of a manager and more of a doer. PTS: 1 REF: p. 503 OBJ: 19-2 TYPE: D 19.Although the corporate world glorifies the “dog-eat-dog” mentality, research shows that nice people make more money. PTS: 1 REF: p. 503 OBJ: 19-1 TYPE: C 20.Because they are used and tested constantly, naturally evolving organizational structures are as nearly perfect as one can hope for. PTS: 1 REF: p. 505 OBJ: 19-3 TYPE: C 21.Line organization uses a dual chain of command. PTS: 1 REF: p. 505 OBJ: 19-3 TYPE: C 22.Budgets are usually prepared three years at a time, in advance, with a breakdown of figures for each month or quarter. PTS: 1 REF: p. 504 OBJ: 19-3 TYPE: C
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