Which of the Following Is Not True of a Stage

question 95

Multiple Choice

Which of the following is not true of a Stage I corporation?

• A) It is typified by the entrepreneur.
• B) The entrepreneur tends to make all the important decisions personally.
• C) The Stage I corporation has little formal structure.
• D) Planning tends to be long range and progressive.
• E) The greatest strength of a Stage I corporation is its flexibility and dynamism.

---

Definitions:

Efficient Equilibrium

A state in an economy where every resource is optimally allocated to serve each individual or entity in the best way while minimizing waste and inefficiency.

External Benefits

Benefits resulting from a transaction that affect parties not directly involved in the transaction, often leading to positive outcomes for society.

External Costs

Costs of a transaction or activity that affect third parties who did not choose to incur that cost, often seen in environmental pollution.

Competitive Market

A market structure characterized by a large number of buyers and sellers, free entry and exit, and a product for which there are many substitutes.