According to a Study by the National Federation of Independent

question 17

Multiple Choice

According to a study by the National Federation of Independent Business (NFIB) , the most common source of new ideas for small business startups is

• A) prior work experience.
• B) hobbies and personal interests.
• C) a chance happening.
• D) existing records of a business.

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Definitions:

Management Strategy

A comprehensive plan to align company operations, resources, and actions with its goals, emphasizing efficiency and competitiveness.

Financial Manager

A professional responsible for managing an organization's financial health, including planning, investment, and risk management.

Horizontal Silos

Departments or units within an organization that operate in isolation from each other, leading to a lack of communication and cooperation across different areas.

Collaborative Problem-Solving

An approach to addressing issues where multiple parties work together to come up with and implement solutions.