Exam 19: Professional Management in the Entrepreneurial Firm

As a farmer, Larry Rogers received assistance from the U.S. Agricultural Extension Service. Having sold the farm, he is planning to start a farm supply store and has been told that the federal government provides comparable help to small businesses through

When a firm reaches Stage 2 (player-coach) in its growth, the entrepreneur withdraws from personal participation in production, selling, writing checks, and record keeping.

In a line organization, each employee has

Discuss the use of student consulting teams and SCORE consultants in small firms.

Preparing a daily written plan of activities is useful in deciding which tasks deserve highest priority.

Workers act on their own and to make decisions about the processes they're involved with are considered to be

For small businesses, the most likely form of organizational structure is

A small business operations manager is confronted with a quality problem. A typical small business handicap that will hamper his efforts to solve the problem is a lack of

Harry Ramirez wishes to create greater enthusiasm among employees in his industrial distribution business. A widely used approach that he might take is

The manager of a rapidly growing small business is unsure about where the business will be in 3 to 5 years. She should focus on

The last step in the control process is establishing standards.

The founder of a firm is least likely to be described as a

As his small business prospers and grows from Stage 1 to Stage 4, Carlos Perez realizes that he also must grow by increasing his

A florist began asking employees for their ideas about the business. This practice is a good illustration of empowerment.

The consulting resources of universities are made available to small business firms by

Research has shown that nice people

A small firm's basic path to the future is spelled out in a document called a

Entrepreneurs can get management assistance from peers through

The best feature of an organizational structure that evolves naturally is its

Which is not a typical constraint placed on managers?