After Working as a Manager of a Small Business for Several

question 152

Multiple Choice

After working as a manager of a small business for several years,Connie has been offered a management position with a local charity.If she accepts the job offer,she is likely to find that:

• A)nonprofit organizations are motivated by their desire to help people and so financial management is of little concern.
• B)planning is less important to a nonprofit organization.
• C)her previous experience will be of little value in her new position.
• D)the principles of management are much the same regardless of the type of organization.

---

Definitions:

Skilled Labor

Workers who have specialized training or skills, often acquired through education or extensive job experience.

Heckscher-Ohlin Model

An economic theory that suggests that countries export what they can most efficiently and abundantly produce, based on their factors of production.

Labor-Intensive

A process or industry that requires a large amount of labor to produce its goods or services, typically compared to the amount of capital required.

Labor-Abundant

Referring to countries or regions that have a high supply of labor relative to capital, often resulting in lower labor costs.