A Conservative Rule of Thumb Is to Establish a Business

question 17

Multiple Choice

A conservative rule of thumb is to establish a business' worth as ________ the firm's current annual profit.

• A) twice
• B) three times
• C) five times
• D) ten times
• E) fifteen times

Insight into the processes and benefits of encouraging innovative thinking in an organization.

Recognize the importance of monitoring and controlling as part of the managerial process.

Understand the core responsibilities of a supervisor within an organization.

Recognize the importance of communication and information sharing for effective supervision.

---

Definitions:

Preoperational Stage

A stage in Piaget's theory of cognitive development, typically from ages 2 to 7, characterized by symbolic thinking, egocentrism, and a lack of logical reasoning.

Represent Objects

The process of using symbols, words, or other means to depict or stand in for real-world entities or concepts.

Piaget

A Swiss developmental psychologist best known for his theory of cognitive development that describes how children develop logical thinking over time.

Pretend Play

Imaginative play where children create scenarios and roles that mimic real life or fantastical situations.