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Exam 16: Professional Small Business Management

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Question 61

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Money always motivates people.

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Question 62

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The person with a vision that cannot be put into action is a/an __________.

A) Leader
B) Follower
C) Dreamer
D) Employee

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Question 63

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Wendy has recently been approached by a Rita to sell her art gallery. Rita has been in the art business for over twenty years, but has never owned her own gallery. She tells Wendy that this has been one of her dreams since she was young. If Wendy sells the gallery to Rita, which exit option will she adopt?

In the Manager's Notes titled "Entrepreneurial Evolution," the classic style of entrepreneurial management is best described by which of the following?

Which one of the following is not a socially supportive environment?

Bob Boyd is developing an exit strategy for his sporting goods business, since he plans to retire within the next three years. Bob knows that one of the company's greatest strengths is that there is a core group of motivated employees who have been with the company for years. Based on this information, which exit strategy would be the best option for Bob?

All but which of the following is an indicator of a time management problem?

The greatest concerns in the resource maturity stage are to consolidate and control the finances generated by rapid growth.

The negotiator role of managing an organization involves continuously going to bat for the resources needed for the success of the company.

Organizing involves all but which of the following?

When developing an exit strategy for a current business, it is important to rely on research and analysis and avoid following instincts.

More time will be spent by the business owner performing the basic tasks of running the business, such as cleaning machinery, as the business is beginning than will occur later in the life cycle of the business.

Management can be described as planning, leading, organizing, and controlling in order to achieve the __________ of the organization.

Discuss three attributes that business leaders will need in the coming decade.

The reason that an individual takes action in satisfying some need can be referred to as which of the following?

Managers have no regular duties that must be performed throughout the day.

A person's physical condition affects his response in stressful situations.

Role conflict can be defined as

Items that cause people to feel positive about their job are known as motivators according to Herzberg's motivation-hygiene theory.

Signs of growing pains include all but which of the following?