In a Small Business, There Is No More Important Issue

question 2

Multiple Choice

In a small business, there is no more important issue than

• A) making a profit.
• B) efficiently managing resources.
• C) exploiting opportunities.
• D) scaling the business.

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Definitions:

Internal/External

Refers to perspectives, influences, or factors originating from within or from outside an entity.

Stable/Unstable

Pertains to the degree of constancy or variability in a system's state; stable implies little or no change, whereas unstable indicates high likelihood of change.

Global/Specific

This term contrasts between broad, overarching concepts (global) and distinct, precise elements (specific).

External Attributions

The process of attributing the cause of one's own or others' behavior to external factors, circumstances, or situations outside one's control.