Which of the Following Statement About the Size of Firms

question 10

Multiple Choice

Which of the following statement about the size of firms in a country's economy is most accurate?

• A) The majority of firms remain small and peripheral.
• B) Most small firms grow to become very large or they go out of business.
• C) There is an even split between small and large firms.
• D) Small firms are not profitable.
• E) Large firms dominate the industrial base.

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Definitions:

Quasi-judicial Grievance Procedures

These are formal processes used within organizations to resolve disputes between employees and employers, mimicking judicial proceedings.

Flexibility

Flexibility in the workplace refers to the adaptability of work arrangements, such as schedules and tasks, to accommodate both business needs and employees’ personal lives.

Contract Administration

The management of contracts made with customers, vendors, partners, or employees, focusing on ensuring compliance with terms and conditions, as well as documenting and agreeing on any changes or amendments that may arise during its implementation.

Mediation

A form of alternative dispute resolution where a neutral third party helps the disputing parties find a mutually acceptable solution.