Which of the following is an advantage of a small business? Selected Answer: Greater adaptability to changing market demands Correct Answer: Greater adaptability to changing market demands • Question 19 1 out of 1 points Horizontal communication involves the traditional flow of information from upper organizational levels downward Selected Answer: False Correct Answer: False Response Feedback: Horizontal communication involves the exchange of information among colleagues and peers on the same organizational level, such as across or within departments. Horizontal information informs, supports, and coordinates activities both within the department and with other departments • Question 20 1 out of 1 points
Top-level managers make an organization's strategic decisions that focus on a key idea for using resources in order to take advantage of opportunities. Selected Answer: True Correct Answer: True Response Feedback: Top-level managers make an organization's strategic decisions, decisions that focus on an overall scheme or key idea for using resources to take advantage of opportunities. They decide whether to add products, acquire companies, sell unprofitable business segments, and move into foreign markets • Question 21 1 out of 1 points A drawback of franchising is the need for franchisees to strictly adhere to standardized operations Selected Answer: True Correct Answer: True • Question 22 1 out of 1 points Dividing work into small units and assigning it to specific individuals is a task related to the management function of _____. Selected Answer: organizing Correct Answer: organizing • Question 23 2 out of 2 points Which of the following statements is true of employee empowerment? Selected Answer: Employee empowerment does not mean that managers are not needed. Correct Answer: Employee empowerment does not mean that managers are not needed.
Response Feedback: Employee empowerment does not mean that managers are not needed. Managers are important for guiding employees, setting goals, making major decisions, and other responsibilities. • Question 24 1 out of 1 points A wide span of management works best when a manager and subordinates are not in close proximity Selected Answer: False Correct Answer: False Response Feedback: A narrow span of management is appropriate when superiors and subordinates are not in close proximity, the manager has many responsibilities in addition to the supervision, the interaction between superiors and subordinates is frequent, and problems are common. • Question 25 2 out of 2 points Vernon runs Buzz, his own event management company, which frequently organizes large corporate events. He has built a good reputation for organizing corporate events with a fair degree of professionalism at reasonable costs. He works out of his old house with a staff of about 55 employees. Vernon's company can be categorized as a: Selected Answer: small business.
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- Management, Small business Administration, Correct Answer, Neon Love Inc.