A Business Model That Provides a Shared Office Space,management Support

question 15

True/False

A business model that provides a shared office space,management support services and management/legal advice to entrepreneurs is known as a spin-off company.

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Definitions:

Affective Action

Actions driven by emotions and feelings rather than rational calculations.

Qualified Personnel

Refers to individuals who are officially recognized as being skilled or competent in their profession or occupation through education, training, and experience.

Hierarchy

A system of organizing or classifying people, entities, or concepts based on levels of importance, authority, or status.

Bureaucracy

An organizational structure characterized by hierarchical authority, a clear division of labor, explicit rules, and impersonality in personnel matters.