To Start Up a New Business by Operating Under a License

question 70

Multiple Choice

To start up a new business by operating under a license issued by a parent company to local entrepreneurs who own and manage the business is known as

• A) a small business.
• B) a macroenterprise.
• C) an enterprise.
• D) a microenterprise.
• E) a franchise.

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Definitions:

Organizational Culture

Organizational culture refers to the shared values, beliefs, and practices that shape how work is done and how people interact within an organization.

Transformational Leadership

A leadership style that inspires positive changes in followers, with leaders focusing on higher-order intrinsic needs and fostering a profound organizational transformation.

Reward Systems

The mechanisms put in place by an organization to recognize, reward, and motivate employees' performances.

Corporate Culture

is the shared values, beliefs, and practices that characterize an organization and influence its employees' behavior.