Which of the Following Is True of a Small Business

question 47

Multiple Choice

Which of the following is true of a small business?

• A) Its preferred funding source is other people's money.
• B) It sells more when it is facing bankruptcy.
• C) It considers sales as more important than marketing.
• D) It focuses more on effectiveness than on efficiency.

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Definitions:

Actual Average Time

The real measured time taken on average to perform a task or process, used in evaluating and planning efficiencies.

Portable Electric Saw

A mobile, power-driven tool used for cutting wood and other materials, essential in construction and woodworking.

Constant Allowances

Refers to predesignated time additions allocated to specific tasks in work measurement to account for unavoidable delays or interruptions.

Performance Rating

An evaluation of an employee's or machine's work output against a set standard or within a specific period.