For a Business to Be Successful in the Early Growth

question 42

Multiple Choice

For a business to be successful in the early growth stage of the organizational life cycle, the two important things that must happen are ________.

• A) the founder or owner of the business must start transitioning from his or her role as the hands-on supervisor to a more managerial role, and increased formalization must take place
• B) a decision must be made whether the owner-manager and the current management team is capable of taking the business further, and the organization must start laying the groundwork for future growth
• C) increased formalization must take place, and the business must achieve price stability
• D) a decision must be made whether the owner-manager or the current management team is capable of taking the business further, and business partnerships must be established
• E) the founder or owner of the business must start transitioning from his or her role as the hands-on supervisor to a more managerial role, and the business must be cash flow positive

Grasp the importance of social contact traits in service-oriented jobs.

Understand the key traits of personality and how they influence behavior.

Analyze the moral or messages conveyed through stories or narratives.

Identify styles of interpersonal relations and their impact on group dynamics.

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Definitions:

Divided Attention

The ability to process two or more responses or react to two or more different demands simultaneously.

Encoding Information

The process by which sensory input is transformed into a format or code that can be stored and utilized by the memory system.

Concentrating

Focusing one's attention or mental effort on a particular object, task, or activity.

Specific Aspect

Refers to a particular detail or characteristic within a broader topic.