Selected Answer An attribute a target and a time frame are the three elements

Selected answer an attribute a target and a time

  • Test Prep
  • myrandtrinity
  • 22
  • 100% (2) 2 out of 2 people found this document helpful

This preview shows page 3 - 7 out of 22 pages.

Selected Answer: An attribute, a target, and a time frame are the three elements of a goal set by a company to achieve its mission. Correct Answer: An attribute, a target, and a time frame are the three elements of a goal set by a company to achieve its mission. Question 10 1 out of 1 points One of the most significant drawbacks of small businesses is their inability to innovate and to bring significant benefits to customers.
Image of page 3
Selected Answer: False Correct Answer: False Question 11 1 out of 1 points Lara was less educationally qualified and experienced than her colleagues when she joined Aurora Systems Inc. However, due to her ability to negotiate effectively with clients, convince her team members to work harder, and understand their needs, she is a senior-level manager today. Which of the following skills can be most attributed to Lara's success in this scenario? Selected Answer: Human relations skills Correct Answer: Human relations skills Question 12 1 out of 1 points For any company, owners and shareholders are the only sources of primary funding. Selected Answer: False Correct Answer: False Question 13 1 out of 1 points _____ refer to the ability to identify relevant issues and recognize their importance, understand the relationships between them, and perceive the underlying causes of a situation. Selected Answer: Analytical skills Correct Answer:
Image of page 4
Analytical skills Question 14 1 out of 1 points Which of the following forms of business ownership is the easiest to establish? Selected Answer: Sole proprietorships Correct Answer: Sole proprietorships Response Feedback: Forming a sole proprietorship is relatively easy and inexpensive. In some states, creating a sole proprietorship involves merely announcing the new business in the local newspaper Question 15 2 out of 2 points . Which of the following is a temporary group of employees, usually chosen for their expertise, responsible for bringing out a particular change? Selected Answer: task force Correct Answer: task force Question 16 1 out of 1 points Which of the following is a defining characteristic of public corporations? Selected Answer: Their stock can be bought, sold, or traded by anyone. Correct Answer: Their stock can be bought, sold, or traded by anyone. Question 17 2 out of 2 points
Image of page 5
Andrew, a pharmacist, realized that he should stock extra supplies of a particular medicine to respond to an outbreak of a particular infection in the city. Lacking sufficient capital to purchase the extra inventory, he borrowed a predetermined sum of money from his bank. Which of the following sources of funding does this scenario best illustrate? Selected Answer: line of credit Correct Answer: line of credit Response Feedback: Andrew is using a line of credit to meet his capital requirement. Banks and other financial institutions can grant a small business a line of credit—an agreement by which a financial institution promises to lend a business a predetermined sum on demand. A line of credit permits an entrepreneur to take quick advantage of opportunities that require external funding Question 18 1 out of 1 points Which of the following is an advantage of a small business?
Image of page 6
Image of page 7

You've reached the end of your free preview.

Want to read all 22 pages?

  • Spring '14
  • BernardE.Imhoff
  • Management, Small business Administration, Correct Answer, Neon Love Inc.

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern

Stuck? We have tutors online 24/7 who can help you get unstuck.
A+ icon
Ask Expert Tutors You can ask You can ask You can ask (will expire )
Answers in as fast as 15 minutes