What are the limitations faced by a family-owned business?
What will be an ideal response?
Entrepreneurs tend to be specialists in an activity such as marketing, production, or finance, so they usually do not make good general managers. Another problem is that family managers may feel it is necessary to clear routine matters with the top family member, regardless of his/her position or ability. Also, bottlenecks that work against efficient operations can be caused by personality clashes and emotional reactions. The number of competent family members from whom to choose the managers of the company is usually limited.
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The B/AR/CR process completes the:
a. billing process b. production process c. order-to-cash process d. inventory process
Which of the following activities is typical of the screening stage?
A. People must be hired and trained to provide services. B. Strengths, Weaknesses, Opportunities, and Threats are identified. C. Goods have to be produced to fill the channels of distribution. D. Products are introduced region by region in a gradual "rollout." E. Manufacturing or service facilities have to be set up.
KPIs are often managed through CRM programs because all KPIs track customer relationship measurements
Indicate whether the statement is true or false
In 2008, Morena Manufacturing issued $180,000 of 20-year bonds at face value. Ten years later, in 2018, the company retired the bonds early by purchasing them in the open market at $181,800. The entry to record this transaction includes a:
A. credit to Cash of $180,000. B. credit to Gain on Bond Retirement of $1,800. C. debit to Loss on Bond Retirement of $1,800. D. debit to Bonds Payable of $181,800.