List Some of the Characteristics of a Well-Managed Small Business

question 50

Essay

List some of the characteristics of a well-managed small business.

---

Definitions:

Legislative Agencies

Governmental bodies responsible for making laws, procedures, and regulations at various levels of government.

Executive Agencies

Agencies of the executive branch of government responsible for enforcing laws and administering public policy.

Enabling Legislation

A statute that specifies the name, functions, and specific powers of an administrative agency and grants the agency broad powers for the purpose of serving the public interest, convenience, and necessity.

Administrative Agency

A governmental body with the authority to implement and administer particular legislation, including making regulations, issuing licenses, and enforcing laws.