Exam 19: Professional Management and the Small Business

Leadership in small firms is more ____ in comparison to the leadership in large corporations.

The organizational structure of small companies is often characterized by

Having more than one supervisor is a violation of the:

A budget is prepared as part of a

A monthly production schedule is prepared as part of the

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

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

Individuals who are launching promising startups need to have a "tolerance for ambiguity".

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

If Elizabeth, who just hired her first employee, desires to create an innovative cultural environment within the business, what should she do?

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

A hesitancy by an entrepreneur to move through the various organizational stages can

Kathleen believes she could be more efficient inthe use of her time.  To determine where improvemenst can be made, Kathleen should first:

What type of counseling is available for an entrepreneur?

SBDCs are affiliated with colleges and universities and provide counseling solely through a group of retired executives.

Someone with a charismatic personality will make a more effective leader.

Vivian would like to improve two-way communication with her subordinates.  Which of these ideas would be most helpful her?

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

A positive solution should be pursued in negotiations whenever it is feasible to do so.