Two Important Capabilities That an Owner Manager Ought to Have

question 25

Multiple Choice

Two important capabilities that an owner manager ought to have are:

• A) public image and banking contacts.
• B) good health and expertise in the fundamentals of management.
• C) industry connections and knowledge.
• D) pleasant personality and talent.

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Definitions:

Participates in Management

Involvement in the decision-making processes and operations of an organization or company.

Liability

The state of being responsible for something, especially by law, including debts or legal obligations.

Limited Liability Partnership

A partnership in which some or all partners have limited liabilities, protecting them from personal responsibility for the debts of the business.

Registered

Denotes something that has been officially recorded or listed in a public registry or database, such as a trademark or a company.