What Would Happen When a Small Business That Is Growing

question 22

Multiple Choice

What would happen when a small business that is growing becomes too great to be handled alone by an individual owner?

• A) There are fewer risks for a decline.
• B) The business will in most cases be cannibalized.
• C) Professional managers are hired to share the management load.
• D) The manager of the company will never join a competing business.

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Definitions:

Irreversible

Describes a process or action that cannot be undone or altered once it has occurred.

Cultural Ritualism

The practice and repetition of formalized actions and ceremonies in a culture, often imbued with symbolic meaning and importance.

Biological Causality

The concept that biological processes and phenomena are caused by underlying genetic, biochemical, or cellular factors.

Contextual Reference

The process of relating information to its context, which includes the conditions or circumstances that are relevant to the information's purpose or understanding.