Exam 19: Professional Management and the Small Business

It is critical for entrepreneurs to set aside time to work undisturbed.

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

Controlling is the managerial function that involves the managers

Budgets are usually prepared for five years in advance using quarterly figures.

A small company's culture unfolds over the lifetime of the business..

A corporate marketing executive is moving to a managerial position in a small firm, where she may logically expect to find

Small firms that hesitate to acquire professional management often limit growth.

As a firm moves from Stage 1 to Stage 4, the entrepreneur becomes less of a manager and more of a doer.

Line organization uses a single chain of command.

Suggest solutions for better time management.

Match the term with its definition. Some terms may not be used. -The process of developing and engaging in mutually beneficial relationships

James is talking to another supervisor about the number of employees who report directly to him. James is talking about his:

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

A consultant beginning to ask employees for their marketing ideas illustrates empowerment.

The fact that the daily "brush fires" of doing business tend to push aside planning until it is forgotten is the message of

Linda's high standards and expectations of employee excellence is typical of ____ leaders.

Professional managers often have more sophisticated methods of management than entrepreneurs.

Match the term with its definition. Some terms may not be used. -A firm's overall plan for the future

Frequent and flagrant disregard of the chain of command undermines the position of the

Top-level executives in a large corporation have a distinct advantage over the leader of a small business in exerting their influence.