Small Businesses Usually Have Only One Layer of Management

question 79

Multiple Choice

Small businesses usually have only one layer of management.Which of the following is an implication of this fact?

• A)Small businesses face a low risk of failure.
• B)Small businesses have great flexibility to adapt to changing market conditions.
• C)The decision-making process is lengthy in small businesses.
• D)Small businesses have better access to managerial experience and skills than larger firms.
• E)Small business owners have a limited amount of direct authority.

---

Definitions:

Love And Belonging

A human emotional need to be an accepted member of a group, whether it be friends, family, or a romantic relationship.

Abraham Maslow's Theory

A psychological theory proposing a hierarchy of human needs, from basic physical necessities up to self-actualization.

Universally

A term indicating something that applies to or is agreed upon by all in every case or situation without exception.