Small businesses differ from high-growth ventures in that in small businesses:
A. the preferred source of funding is the owner's own money rather than other people's money.
B. the delegation of responsibilities is easy and necessary rather than difficult.
C. the metastrategy is for novelty rather than imitation.
D. the focus is on effectiveness rather than efficiency.
Answer: A
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The _______ is simply the fundamental, functional performance a generic product provides that solves a customer's basic problem
a. core product b. minimally augmented product c. augmented product d. potential product
In a job costing system, the dollar amount in the journal entry that transfers the costs of jobs from Work-in-Process Inventory to Finished Goods Inventory is the sum of the costs charged to all jobs:
A. started in process during the period. B. sold during the period. C. in process during the period. D. completed during the period.
Performance measurements, also known as ________, allow companies to assess whether or not they are doing a good job servicing their customer.
Fill in the blank(s) with the appropriate word(s).
A team or committee can be more democratic than a single executive making a decision.
Answer the following statement true (T) or false (F)