Which of the Following Statements Accurately Depicts an Advantage That

question 232

Multiple Choice

Which of the following statements accurately depicts an advantage that small business has over big business?

• A) If the small business owner can project his business as being big, if not very similar to big businesses that sell in the same industry, then he will realize a significant advantage.
• B) The size of the business (small being better in this case) is an important consideration in the management of legal, payroll, and tax concerns.
• C) A small business can maneuver and change quicker than most large businesses can. It can react to market conditions and customer concerns much faster.
• D) The slower pace of small businesses translates into better quality for its customers.

Calculate the standard hours allowed for actual output.

Analyze the impact of manufacturing variances on production costs and efficiency.

Calculate the standard amount of materials allowed for the actual output.

Analyze labor efficiency variances to assess labor productivity.

---

Definitions:

Information Filtering

The process of sorting, selecting, and presenting information based on predefined criteria or user preferences to reduce information overload.

Persuasive Communication

The art of utilizing verbal and non-verbal messages to convince others to change their attitudes or behaviors in a certain direction.

Electronic Grapevine

Informal communication network within an organization, facilitated by digital means, like email or social media, often spreading information unofficially.

Dysfunctional Information

Describes information that is inaccurate, misleading, or counterproductive to decision-making processes.