BUSINESS
Which of the following is not shown on an organizational chart?
Job Descriptions
A competitive advantage that small businesses have over large businesses is
The attention to unique customer needs
Leadership is the ability to
motivate individuals and groups to accomplish important goals.
Which organizational principle gives employees the right to make decisions about how responsibilities should be accomplished…
Authority
The purpose of a mission statement is to
provide a specific reason for why the business exists.
USBA says the SBA (small business administration)...
Has fewer than 500 employees
The process of starting, organizing, and managing a business is called
Entrepreneurship
Human relations
is the way people get along with each other.
Most businesses require how much to start up
$10,000 or less
In a franchise agreement the job of the franchisee is to
maintain day to day operations and to receive profits for the business.
Every business begins with an..
Idea
Which of the following best describes a limited liability company?
One owner and protects the owners personal assets
Organization chart helps you make a clear and reporting relationship for all staff members and it's called
Unity of command
What Do You Call The Money That Investors Give To Start-Up Companies?
Venture Capital
Non-profit organization is free from paying..
taxes
Common reason for small business failure
, Lack of experience, Not keeping organized records, poor location of business
What is NOT 5 functions of management
producing
FBLA chapter collects money for the...
march of dimes
Which of the following is an element of a business plan?
Consumer analysis, description of the business, and financial plans.
Money needed for the important resources of a business
Long term financing…
Top management spends most of their time
completing, planning, and controlling activities.
A person who is not a manager but is still able to get a group focused and organized
informal influence
A realtor is an example of an
intermediary