In a Business Plan, the Management Team Section Should Detail

question 39

Multiple Choice

In a business plan, the management team section should detail

• A) the proposed venture's organizational structure.
• B) profiles of employee needs during the first three years of operation.
• C) the projected growth of the proposed venture.
• D) the intended distribution of ownership in the firm.

---

Definitions:

Adaptive Organization

An organization that operates with a minimum of bureaucratic features and encourages worker empowerment and teamwork.

Continuous Adaptation

The ongoing process of adjusting and modifying responses or operations in reaction to changing environments or circumstances.

Learning Organization

An organization that facilitates the learning of its members and continuously transforms itself to achieve superior performance.

Delegation

The assignment of responsibility or authority to another person to carry out specific tasks.