The Spotlight on Small Business,titled,"Keeping That Small Company Feeling",illustrates That

question 52

Multiple Choice

The Spotlight on Small Business,titled,"Keeping that Small Company Feeling",illustrates that:

• A)maintaining a strong informal organization is vital in today's business environment.
• B)maintaining a strong informal organization is so much easier to effect in large companies because they have the money to make it happen.
• C)although the informal organization may provide fun and diversion in the workplace it breeds unethical behavior which only the formal organization can derail.
• D)getting carried away with maintaining a small company feeling can stifle innovation and growth.

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Definitions:

Long-term Liabilities

Financial obligations of a company not due for more than one year; these include bonds payable, long-term loans, and lease obligations.

Financial Statements

Reports that provide an overview of a company's financial condition, including the balance sheet, income statement, and cash flow statement.

Market Rate Of Interest

The prevailing interest rate available in the marketplace for investments of similar risk and maturity.

Serial Bonds

A type of bond issue that is structured so that a portion of the bonds matures at different intervals over a period of time, facilitating the gradual repayment of the debt.