One of the biggest reasons that small businesses fail is that the owner spent excessive time engaged in formal planning
Indicate whether the statement is true or false
FALSE
Explanation: There is no evidence that spending too much time planning is a risk factor for new businesses. One of the biggest reasons businesses fail is that there was no formal plan in place to begin with. Many business owners, in the excitement of starting something new, neglect to take the "boring" but necessary steps of building an effective business plan.
You might also like to view...
With the rise of the rest of the world, competition for resources and markets are becoming more local
Indicate whether the statement is true or false
A restaurant is being sued because a customer claims to have found a bug in her chili. The company's lawyers believe there is only a remote possibility that the lawsuit will result in an actual liability. Which of the following actions should be taken by the company's management?
A) The situation should be described in a note to the financial statements. B) The possible liability should not be shown in the financial statements. C) The liability should be estimated and accrued as an expense. D) An expense must be matched to the period in which the incident occurred.
Which of the following is NOT one of the steps in the research phase of a job search?
a. Gather relevant information for decision-making. b. Prepare a company/job profile. c. Send application letters to prospective employers. d. Identify key qualifications that enhance your marketability.
A. What is an assignment?
b. What is a delegation? c. What does it mean to "assign a contract"?