_____ Implies That a Business Owner Does Not Have the Skill-Sets

question 96

Multiple Choice

_____ implies that a business owner does not have the skill-sets required in the essentials of business operations, including finance, purchasing, selling, or production.

• A) Lack of experience.
• B) Insufficient financing
• C) Lack of expertise
• D) Ethical failure
• E) Growing too fast

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Definitions:

Outside Supplier

An external entity that provides goods or services to a business, often used in the context of manufacturing or production.

Investment Center

A division or unit of a business that is responsible for its own revenues, expenses, and investments, and is evaluated based on its return on investment.

Performance Evaluation

The process of assessing and reviewing an employee's or organization's work performance and outcomes against predefined objectives.