Business Essentials - Ch. 6-7 Review

Accomplishing goals of an organization through the effective use of people & other resources

T/F: The amount of money needed to open the business is known as Start-up financing

Which of the following are ways to prepare to be a better leader?

T/F: An entrepreneur is someone who takes on all risk in starting a business to earn a profit

Money provided by large investors to finance new businesses & products is known as:

T/F: Where the manager is directive and controlling is called the Mixed Management style

The ability to motivate individuals and groups to accomplish important goals is known as:

T/F: Apple updating the iPhone to have facial recognition is an example of an improvement

T/F: There are four functions of Management: Planning, Staffing, Organizing, and Implementing

Process of starting, organizing, and assuming the responsibility for a business is known as:

There are over ___________ new businesses created annually in the United States.

When group members recognize the leader has special expertise in that area, it is known as:

All of the following are standards of ethical behavior except for which of the following?

Which of these is not an advantage of running a small business?

In terms of management levels, Presidents, CEO's, and Vice Presidents are considered to be:

Which of the following is a disadvantage to running a small business?