Correct Answer small business Question 26 1 out of 1 points is the division of

Correct answer small business question 26 1 out of 1

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Correct Answer: small business. Question 26 1 out of 1 points . _____ is the division of labor into small, specific tasks and the assignment of employees to do a single task. Selected Answer: Specialization Correct Answer: Specialization Question 27 2 out of 2 points
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Assure Pharma Corp., a private corporation, sold its stock to raise the money it required for global expansion. As a result, anyone could buy, sell, or trade the stocks of the company. The process adopted by Assure Pharma Corp. to raise money is referred to as _____. Selected Answer: initial public offering Correct Answer: initial public offering Question 28 2 out of 2 points Nathan started the first outlet of Dynamix Gym in New York City in 1995. The business expanded over time, and he became the owner of a chain of gyms in New York State. Though the business had potential to expand outside New York, Nathan did not want to take the risk or responsibility. Hence, he decided to sell the license to own and operate gyms under the brand name Dynamix Gym to independent owners. In return, he charged them an initial fee and a small share in the monthly profits. In this scenario, Nathan is a(n) _____. Selected Answer: franchiser Correct Answer: franchiser Question 29 2 out of 2 points Penelope is a very talented software engineer who starts her own small software development firm. She finances the firm from her savings. Initially, she is able to get many projects from customers and completes them successfully. However, as her business grows, she fails to make good decisions in hiring new employees, billing the clients, and negotiating prices. She eventually ends up liquidating the business. Which of the following causes of small-business failure does this scenario best illustrate? Selected Answer: Managerial inexperience Correct Answer: Managerial inexperience
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Response Feedback: The scenario best illustrates Penelope's managerial inexperience. Poor management is the cause of many business failures. Just because an entrepreneur has a brilliant vision for a small business does not mean he or she has the knowledge or experience to manage a growing business effectively. A person who is good at creating great product ideas and marketing them may lack the skills and experience to make good management decisions in hiring, negotiating, finance, and control Question 30 2 out of 2 points Which of the following is true of matrix structures? Selected Answer: In matrix structures, employees are responsible to two managers. Correct Answer: In matrix structures, employees are responsible to two managers. Response Feedback: In matrix structures, employees are responsible to two managers—functional managers and project managers. As a result, employees may be confused as to whose authority has priority—the project manager's or the immediate supervisor's. Question 31 1 out of 1 points A(n)_____ is a legal entity, created by the state, whose assets and liabilities are separate from its owners.
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  • Spring '14
  • BernardE.Imhoff
  • Management, Small business Administration, Correct Answer, Neon Love Inc.

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