The Major Disadvantage of __________________ Is That It Requires Resources

question 15

Multiple Choice

The major disadvantage of __________________ is that it requires resources to coordinate the activities of many specialized people.

• A)Line vs.staff
• B)Span of control
• C)Delegation of authority
• D)Division of labor

Understand the differences between equity and debt financing and their implications for small business owners.

Grasp the concept of undercapitalization and its effects on the survival of a business.

Comprehend the growth management strategies for small businesses, including delegation of authority.

Explain the importance of innovation and customer focus in the success of small businesses.

---

Definitions:

Alzheimer's Disease

A progressive neurological disorder that causes brain cells to waste away and die, leading to loss of memory and cognitive functions.

Ethnic Groups

Communities or populations sharing common cultural attributes, ancestry, language, history, and often geographic origin.

Asian American

A person of Asian ancestry or descent, living in the United States, and often referring to a diverse group with varying cultural, linguistic, and religious backgrounds.

Filial Piety

A virtue of respect for one's parents and ancestors in many cultures, particularly prominent in Confucian philosophy.