Question 1

Compared to empowerment, work teams require a lower level of employee participation.

Accepted Answer

A) True 
 B)False

Question 2

Owner-managers of small businesses typically overdo the amount of planning.

Accepted Answer

A) True 
 B)False

Question 3

What type of leadership style focuses on creating emotional bonds?

Accepted Answer

A) Team builder 
B) Visionary 
C) Coach 
D) General 
A) Team builder 
B) Visionary 
C) Coach 
D) General

Question 4

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

Accepted Answer

A) True 
 B)False

Question 5

As a business grows, the small business owner needs to fill key positions with persons who:

Accepted Answer

A) could be future managers. 
B) can complement weaker areas of the entrepreneur. 
C) are able to survive in the culture. 
D) All of the above are true. 
A) could be future managers. 
B) can complement weaker areas of the entrepreneur. 
C) are able to survive in the culture. 
D) All of the above are true.

Question 6

After identifying organisational structures of small businesses, explain how changing structures over time impact managerial responsibilities.

Accepted Answer

In a very small company, an unplanned st

Question 7

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

Accepted Answer

A) Parkinson's Law of Planning. 
B) the Peter Principle. 
C) the Tyranny of the Urgent. 
D) Murphy's Law of Strategic Action. 
A) Parkinson's Law of Planning. 
B) the Peter Principle. 
C) the Tyranny of the Urgent. 
D) Murphy's Law of Strategic Action.

Question 8

Most very small businesses use a single chain of command.

Accepted Answer

A) True 
 B)False

Compared to empowerment, work teams require a lower level of employee participation.

Owner-managers of small businesses typically overdo the amount of planning.

What type of leadership style focuses on creating emotional bonds?

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

As a business grows, the small business owner needs to fill key positions with persons who:

After identifying organisational structures of small businesses, explain how changing structures over time impact managerial responsibilities.

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

Most very small businesses use a single chain of command.

The Entrepreneurial Life

Integrity, Ethics And, Social Entrepreneurship

Starting a Small Business

Franchising and Buyouts

The Family Business

The Business Plan: Visualizing the Dream

The Marketing Plan

The Organizational Plan: Teams, Legal Structures, Alliances, and Directors

The Location Plan

Understanding a Firms Financial Statements

Forecasting Financial Requirements

A Firms Sources of Financing

Planning for the Harvest

Building Customer Relationships

Product and Supply Chain Management

Pricing and Credit Decisions

Promotional Planning

Global Opportunities for Small Business

Managing Human Resources

Managing Operations

Managing the Firms Assets

Managing Risk in the Small Business

Filters

Exam 19: Professional Management and the Small Business

Compared to empowerment, work teams require a lower level of employee participation.

Owner-managers of small businesses typically overdo the amount of planning.

What type of leadership style focuses on creating emotional bonds?

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

As a business grows, the small business owner needs to fill key positions with persons who:

After identifying organisational structures of small businesses, explain how changing structures over time impact managerial responsibilities.

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

Most very small businesses use a single chain of command.

The Entrepreneurial Life

Integrity, Ethics And, Social Entrepreneurship

Starting a Small Business

Franchising and Buyouts

The Family Business

The Business Plan: Visualizing the Dream

The Marketing Plan

The Organizational Plan: Teams, Legal Structures, Alliances, and Directors

The Location Plan

Understanding a Firms Financial Statements

Forecasting Financial Requirements

A Firms Sources of Financing

Planning for the Harvest

Building Customer Relationships

Product and Supply Chain Management

Pricing and Credit Decisions

Promotional Planning

Global Opportunities for Small Business

Managing Human Resources

Managing Operations

Managing the Firms Assets

Managing Risk in the Small Business

Filters