Question 1

Although important at every stage of the business life cycle, controls are especially important during periods of growth.

Accepted Answer

A) True 
 B)False

Question 2

Annabel operates a local hardware store that she inherited from her parents. When she took over, she updated the point-of-sale equipment and installed a customer database. Annabel is a(n) ________

Accepted Answer

A)  entrepreneur 
B)  opportunist 
C)  venture capitalist 
D)  small business owner 
A)  entrepreneur 
B)  opportunist 
C)  venture capitalist 
D)  small business owner

Question 3

When Michele had only three employees, she performed most of the records-keeping tasks herself and kept a general idea of finances in her head. Now that her business has expanded, she is having money problems. What should Michele do?

Accepted Answer

A)  Reach out to the local business development organization for assistance. 
B)  Create and follow a set of financial controls. 
C)  Take a course in financial accounting at the local college. 
D)  Relinquish some of her other duties so she can focus on the money end of the business. 
A)  Reach out to the local business development organization for assistance. 
B)  Create and follow a set of financial controls. 
C)  Take a course in financial accounting at the local college. 
D)  Relinquish some of her other duties so she can focus on the money end of the business.

Although important at every stage of the business life cycle, controls are especially important during periods of growth.

Annabel operates a local hardware store that she inherited from her parents. When she took over, she updated the point-of-sale equipment and installed a customer database. Annabel is a(n) ________

When Michele had only three employees, she performed most of the records-keeping tasks herself and kept a general idea of finances in her head. Now that her business has expanded, she is having money problems. What should Michele do?

Managers and You in the Workplace

Making Decisions

Managing the External Environment and the Organizations Culture

Managing in a Global Environment

Managing Diversity

Managing Social Responsibility and Ethics

Managing Change and Innovation

Planning Work Activities

Managing Strategy

Designing Organizational Structure

Managing Human Resources

Creating and Managing Teams

Managing Communication

Understanding and Managing Individual Behavior

Motivating Employees

Being an Effective Leader

Monitoring and Controlling

Filters

Exam 10: Entrepreneurial Ventures

Although important at every stage of the business life cycle, controls are especially important during periods of growth.

Annabel operates a local hardware store that she inherited from her parents. When she took over, she updated the point-of-sale equipment and installed a customer database. Annabel is a(n) ________

When Michele had only three employees, she performed most of the records-keeping tasks herself and kept a general idea of finances in her head. Now that her business has expanded, she is having money problems. What should Michele do?

Managers and You in the Workplace

Making Decisions

Managing the External Environment and the Organizations Culture

Managing in a Global Environment

Managing Diversity

Managing Social Responsibility and Ethics

Managing Change and Innovation

Planning Work Activities

Managing Strategy

Designing Organizational Structure

Managing Human Resources

Creating and Managing Teams

Managing Communication

Understanding and Managing Individual Behavior

Motivating Employees

Being an Effective Leader

Monitoring and Controlling

Filters