The Formal Structure of an Organization Is Put in Place

question 28

Multiple Choice

The formal structure of an organization is put in place to

• A)control people.
• B)manage the ROI.
• C)increase promotion.
• D)allow for intrapraneurship.
• E)encourage entrepreneurship.

Appreciate the impact of personal qualities and environmental factors on entrepreneurial success.

Distinguish between the entrepreneurship stage and the small business management stage.

Understand the importance of lifelong learning over formal education in entrepreneurship.

Grasp the significance of performance intention, risk assumption, and the need to achieve in entrepreneurship.

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Definitions:

Divorce Rates

The statistical measure that indicates the number of divorces occurring during a year per 1,000 population in a given society.

Nonfamily Households

Living arrangements composed of individuals who are not related by blood, marriage, or adoption, often sharing common living spaces.

Traditional Family Structure

A familial organizational form often consisting of two parents and their children, though definitions can vary culturally.

Postindustrial Societies

Societies characterized by an economy that has moved beyond heavy industry to be dominated by services and technology.