As a Firm Grows,the Small Business Owner Needs to Fill

question 66

Multiple Choice

As a firm grows,the small business owner needs to fill key positions with persons who

• A)could be future managers.
• B)can complement weaker areas of the entrepreneur.
• C)are able to survive in the culture.
• D)All of the above are true.

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Definitions:

Display Rack

A fixture in stores and exhibitions used to showcase products or materials to customers and visitors.

Merchandise Inventory

Goods that a retailer, wholesaler, or distributor holds for sale to customers in the ordinary course of business.

Debit Memorandum

A document issued by a buyer to a seller indicating a debit or adjustment to an account, typically related to goods returned or a pricing dispute.

Sales Returns and Allowances

A reduction in sales revenue due to returns or allowances for unsatisfactory goods, reported as a contra-revenue account.