Refer to the Scenario Given to Answer the Following Questions

question 48

Multiple Choice

Refer to the scenario given to answer the following questions.
E-Biz Dreams (Scenario)
Robert Lee has just completed a Bachelor of Computer Science degree at Carleton University. He now wants to begin a new Internet business selling his services as a website developer for companies in Ottawa. He estimates that within one year, if his business idea is a success, he will be employing five programmers and two analysts.
-Robert's plan to employ five programmers and two analysts within his first year of operation is best described as a __________ plan.

• A) long-term
• B) short-term
• C) directional
• D) strategic
• E) single-use

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Definitions:

1970s

The decade from 1970 to 1979, marked by significant political, social, and economic changes worldwide, including the end of the Vietnam War and the energy crisis.

European Union

A political and economic union of 27 European countries that participate in a unified international framework for political, social, and economic policies.

Merchandise Balance

The gap between what a nation exports and imports in terms of physical products.

Services Balance

The difference in value between a country's exported and imported services.