Harold had a hobby training dogs to do tricks. To prove his skill in dog training, he adopted a dog from the local shelter that had been labeled "incorrigible." Harold trained the dog to be totally obedient and to perform several tricks. He took the dog back to the shelter to give a show for the employees there and to let them know that no dog is incorrigible, they are just poorly trained. The employees were so amazed that they asked him for contact information so they could refer other shelter dog adopters to him to have their dogs trained. Harold had business cards printed, set up a Facebook page, a webpage, and a Twitter account, where he posted short videos of dogs doing tricks, participating in dog shows, and readily obeying their owners. He also posted tips for dog care. The
referrals, webpage, and social media sites generated so much business in six months that his wife quit her job to work for him. A year later, he hired his sister-in-law to work for him. The following year he hired and trained two more employees. His business now generates income of $2 million/year and he is considering opening in other locations. Which of the following is true about Harold's business?
A. According to the Small Business Administration, his business generates too much income to fit its definition of "smallness."
B. According to the Small Business Administration, his business has too many employees to be considered a small business.
C. According to the Small Business Administration, he has a small business.
D. According to the Small Business Administration, he should franchise his business.
Answer: C
You might also like to view...
When an activity becomes something a company has learned to perform proficiently and capably, the company is said to have a
A. key value chain proficiency. B. resource advantage. C. competitive advantage over rivals. D. distinctive capability. E. competence.
The bureaucratic model of detailed union contracts and quasi-judicial grievance procedures is criticized because:
A. It has not resulted in decreased conflict ending in strikes. B. It encourages union member involvement and activism. C. It increases the uncertainty of dispute resolution between the parties. D. It inhibits flexibility and innovation.
A project is represented by the activity durations (in days, estimated at 90% likelihood of completion) and precedence requirements shown in the table
What is the length of a feeder buffer if this project is managed using critical chain methodology? Activity Predecessor Length Activity Predecessor Length A -- 18 E C, D 13 B -- 16 F C 9 C A 22 G E, F 15 D B 14 A) 3.5 days B) 2.5 days C) 1.5 days D) 0.5 days
Refer to the information above. What is the Reorder point (ROP)?
A) 20 B) 100 C) 5 D) 500 E) 15