While Adding Structure to His Graphic Design Business, Including the Allocation

question 191

Multiple Choice

While adding structure to his graphic design business, including the allocation of resources for getting the job done, Jack knew that he would need to initially allocate a considerable amount of funds for the sales team to have face to face meetings with other businesses who needed website design and promotional materials. Since overall funds were limited, he worried about his employees using these funds for the stated purpose and in a manner that he would use them. As his business advisor, you explain:

• A)it always "takes money to make money", so he needs to realize that he will have to take risks
• B)in order to achieve a productive business, he will have to trust those that he hires but control them carefully
• C)it's difficult to monitor financial resources during the first year of business. This is the wild-cat year where you pull-out all stops and let the experts do the work it takes to make the sale
• D)creating a corporate culture that emphasizes your values goes hand in hand with structuring your organization

---

Definitions:

Majority Vote

A decision-making process where more than half of the members of a group must agree on a proposition for it to be accepted or passed.

Partnership Decision

A determination made by partners in a business regarding its management, operations, or other significant aspects affecting the partnership.

Partnership by Estoppel

A legal doctrine that treats a non-partner as if they were an actual partner due to their actions towards third parties.

Registered Dietician

A healthcare professional legally certified to assess, diagnose, and treat nutritional problems.