GOOD
To give up an individual idea, or part of an idea, so that the group can come to a solution
What is "Compromise"
When it comes this Theory, employees dislike work and need close supervision in order to get their work done
What is "Theory X"
This type of Plan is created for long-term goals
What is "Strategic Plans"
This Leadership style is on that has more of a hands-off leader who leaves decision-making to the group
What is "Laissez-faire"
When looking at the acronym "SMART" for goal setting, the "R" in "S.M.A.R.T." stands for what?
What is "Realistic"
This is a basic skill every entrepreneur should master
What is "Basic Math Functions"
An operating guide for using equipment is an example of a(n) _____.
What is "Procedure"
This type of plan is considered a "Back up Plan"
What is a "Contingency Plan"
Interactive forces within a group are known as
What is Group Dynamics
this is not a potential advantage of purchasing an existing business
What is "Expensive purchase price"
A good business plan should include _____
What is "Financial Projections"
_____ skills are the ability to analyze a situation, interpret information, and make reasonable decisions.
What is Critical Thinking
Entrepreneurs willingly risk resources to start and run a business in pursuit of
What is Profit
Two sources of equity financing are
What is "venture capital and angel investors"
Something to be achieved in a specified period of time, generally less than a year, is a _____.
What is a "Short term goal"
The process of recognizing and resolving team disputes in a balanced and effective way is
What is Conflict Management
_____ is when all the authority within a business rests with top management
What is "Centralized Organization"
This leadership style shares decision-making with group
What is Democratic
Communicate effectively using body language
What is "NonVerbal Skills/Communication"
This is one way an Entrepreneur can own their own business
What is "start a new business" OR "purchase an existing business" OR "buy a franchise"
This three letter agency is a source of professional advice for new entrepreneurs
What is the "SBA" or "Small Business Administration/AGENCY"
Expressing individual needs with little interest in or respect to the needs of others is _____ behavior
What is "Aggressive"
Self _________ is a quality of effective leadership
What is "Confidence"
Which pro forma financial statement projects revenue and expenses to show whether or not a business is profitable
What is "Income Statement"
A foreman or shift manager is considered _____ management
What is "First-Line"