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The Design of the Organization Will Be the Entrepreneur's Formal

question 25

Essay

The design of the organization will be the entrepreneur's formal and explicit indication to the members of the organization as to what is expected of them.Typically these expectations can be grouped into five areas,identify and describe them. 


Definitions:

Billed

Billed refers to the issuing of invoices to customers for products sold or services rendered, indicating the amount due for payment.

Balance Sheet

An accounting document showcasing a firm's assets, debts, and equity of shareholders at a precise time.

Last Day

The final day of a given period, often used in the context of contracts, employment, or calendar periods.

Retainer Fee

An upfront cost paid by a client to secure the services of a consultant, lawyer, or other professional for a specified period, ensuring availability and commitment.

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