Which of the Following Is Not True of a Stage

question 95

Multiple Choice

Which of the following is not true of a Stage I corporation?

• A) It is typified by the entrepreneur.
• B) The entrepreneur tends to make all the important decisions personally.
• C) The Stage I corporation has little formal structure.
• D) Planning tends to be long range and progressive.
• E) The greatest strength of a Stage I corporation is its flexibility and dynamism.

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Definitions:

Budget

An estimate of income and expenditure for a set period of time.

Exhausts

Refers to resources or supplies being completely used up or depleted.

Bananas

A tropical fruit with a yellow skin and soft, sweet flesh, often grown in clusters on large plants resembling trees.

Marginal Opportunity Cost

The cost of forgoing the next best alternative when choosing between two options.