​Jackie Has Been Working for a Local Small Business Called

question 93

Multiple Choice

​Jackie has been working for a local small business called Personal Wellness for the last three years.It is a retail business that sells sporting goods equipment.When she started to work there,she noticed several things that were possibly the cause of the business not doing as well as it hoped.Jackie has been thinking of starting her own small business because she feels she has learned much through working for Personal Wellness.
​Jackie's manager asked her to create a business plan for Personal Wellness.The manager hoped that this plan would put things into perspective to help the company do better.After creating the plan,Jackie suggested that Personal Wellness contact a group of senior and graduate students to provide management counseling for the company.Jackie wants to make sure that her leaving does not become the cause of the company going under.
-Refer to Personal Wellness.What is not one of the key reasons Personal Wellness would possibly fail?

• A) Capital
• B) Employees
• C) Management
• D) Money
• E) Planning

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Definitions:

Unattainable Combination

A scenario in the context of production possibility frontiers where the desired production of goods exceeds the resources available, making it impossible to achieve.

Current Economic Situation

A description of the state of the economy at a specific point in time, including aspects like employment levels, inflation rates, and GDP growth.

Point A

Typically used in graphical analysis to denote a specific point or position within a chart or graph.

Economic Capacity

The maximum output that an economy can produce without big increases in inflation, utilizing fully its resources.