Which of the following statements is true about the typical growth pattern of a small business?
A. Professional managers who work in small companies move from one company to another as they progress upward in rank and earnings.
B. The length of service of professional managers (as opposed to owner-managers) in small businesses tends to be relatively long.
C. Owners do not need to give managers a financial interest in the business to hold them.
D. Owners typically hire professional managers as soon as they start their business.
Answer: A
You might also like to view...
David's company’s office is characterized by modern furniture, a classic architectural design, and extensive displays of the company logo on office supplies. These characteristics are known as
a. artifacts. b. organizational assets. c. company culture. d. organizational culture.
What is the African Union and what are its goals?
What will be an ideal response?
Ian's records show a cash balance of $2,000 while the bank statement shows a balance of $1,800. The difference is most likely explained by
A) unrecorded interest earned on the account. B) deposits made after the statement period. C) checks not cleared during the statement period. D) a statement period less than one month.
Important implications of the efficient market hypothesis include which of the following?
A) Future changes in stock prices should, for all practical purposes, be unpredictable. B) Stock prices will respond to announcements only when the information in these announcements is new. C) Sometimes a stock price declines when good news is announced. D) All of the above. E) Only A and B of the above.