Time Management in a Small Business Is Difficult Because

question 1

Multiple Choice

Time management in a small business is difficult because

• A)owner managers have personal obligations as well as their business obligations
• B)there are many operating crises in the normal course of a day
• C)there are no basic time management concepts to be applied
• D)most owner managers really don't care too much about time management

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Definitions:

Equilibrium Quantity

The quantity of goods or services that is supplied and demanded at the equilibrium price.

Deadweight Loss

An inefficiency in the economy caused by the lack of or inability to attain equilibrium in the market for a particular good or service.

Inelastic

Describing a situation where the demand or supply for a product does not significantly change in response to a change in price.

Excise Tax

A tax levied on specific goods, services, or transactions, often with the aim of reducing their consumption.