The Completed Business Plan Provides the Entrepreneur with

question 2

Multiple Choice

The completed business plan provides the entrepreneur with

• A)a tool for communicating with financial sources.
• B)a sense of well-being.
• C)a product-launch timetable.
• D)a nicely designed booklet.

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Definitions:

Chain Of Command

The formal line of authority, communication, and responsibility within an organization.

Mechanistic Organization

A form of organizational structure characterized by rigid hierarchies, strict rules, and a high degree of formalization.

Rules And Procedures

Rules and procedures are formal guidelines within an organization that outline expected behaviors, processes, and standards for conducting activities.

Closely Supervised

A management approach where employees or team members are monitored and directed very closely by their superiors.