As a Business Grows, the Small Business Owner Needs to Fill

question 85

Multiple Choice

As a business grows, the small business owner needs to fill key positions with persons who:

• A)could be future managers.
• B)can complement weaker areas of the entrepreneur.
• C)are able to survive in the culture.
• D)All of the above are true.

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Definitions:

Conditions

The set of circumstances or criteria that affect financial decisions or the outcome of investments.

Capacity

The maximum level of output that a company can sustain to produce in a given period under normal circumstances.

Collateral

An asset that a borrower offers to a lender as a security for a loan, which can be seized if the loan is not repaid.

Credit Cost Curve

Graphical representation of the sum of the carrying costs and the opportunity costs of a credit policy.