Tom,who Owns a Successful Business with Two Locations and a Few

question 6

Multiple Choice

Tom,who owns a successful business with two locations and a few international clients,was approached by a large organization about dramatically expanding his company.Tom later told his wife that he is happy with his success,but he wants to stay small because if he decides to add new products,small companies ____.

• A)take more time to start new endeavors
• B)typically maneuver slowly with new ideas
• C)can get started more easily and maneuver faster
• D)tend to not change due to inexperienced management
• E)can adjust more easily to capital shortages

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Definitions:

Peer Pressure

The pressure from a peer group that motivates individuals to modify their attitudes, values, or actions so that they align with the standards of the group.

Potential Productivity

The maximum output a person or system can produce under ideal conditions, often influenced by resources, skills, and environmental factors.

Social Psychologist

A professional who studies how people's thoughts, feelings, and behaviors are influenced by the actual, imagined, or implied presence of others.

Bureaucracies

Organized administrative systems governed by a set of formal rules and procedures, often employed by large organizations or governments.