Stage 2 in the Growth of a Business Is Characterized

question 66

Multiple Choice

Stage 2 in the growth of a business is characterized by

• A) a one-person operation.
• B) hands-off management practices.
• C) a multi-layered organization.
• D) the entrepreneur as a player-coach.

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Definitions:

Sick Leave

Paid or unpaid time off from work that employees can use during periods of illness or injury.

Bank of Paid Time

A system used by some employers where employees can accumulate paid time off, such as sick leave and vacation time, in a single account.

Preferred Provider Organization

A managed healthcare system in which members are encouraged to use a network of preferred doctors and hospitals for their health care needs, often at lower costs.

Managed Care Plan

A type of health insurance plan that contracts with medical providers and facilities to provide care for members at reduced costs.