The First Stage in the Growth of an Organization Is

question 32

Multiple Choice

The first stage in the growth of an organization is:

• A) When managers are placed in charge of each of the three basic functions.
• B) When assistants are hired.
• C) A one-person organization.
• D) A line-and-staff organization.

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Definitions:

Investment

The allocation of resources, usually financial, into projects, assets, or enterprises, aiming to earn a return over time.

Inventory

The total amount of goods and materials held in stock by a business, industry, or other entity, used in production or sales.

Sole Proprietorship

An unincorporated business firm owned by one person.

Liability

Liability refers to legal financial debts or obligations that arise during the course of business operations, which an entity is responsible for settling.