It is easier for a small business to meet the precise needs of customers than a large business.

It is much more important for employees to practice ethical behavior than it is for managers to practice it.

Almost everyone has the same beliefs about what constitutes ethical behavior.

Once a business plan is written, it should never be revised and should never be updated.

Everyone who owns a business is an entrepreneur.

Work groups are an ineffective way for employees to gain experience with management activities.

The process of starting, organizing, managing, and assuming the responsibility for a business is called capitalism.

Supervisors often have non-management duties in addition to their management work.

In strategic management, managers are less directive and involve employees in decision-making.

The most important step in starting a business is preparation.

Which of the following is probably the LEAST important factor in becoming an entrepreneur?

Managers typically spend much of their time dealing with

The combined use of tactical and strategic management is known as

Successful entrepreneurs tend to have all of the following characteristics EXCEPT

Entrepreneurs

If you start a new business, you need information about

Mission statements

Short-term financing is obtained for a period of less than

Which of the following is probably NOT a mid-management job?

Which of the following would NOT be discussed in the operations plan section of a business plan?

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