Which of the Following Statements About the Professional Management of Small

question 28

Multiple Choice

Which of the following statements about the professional management of small businesses is false?

• A)If a business grows large enough,no matter how experienced a business owner is,eventually the demands of managing will become too great to be handled alone.
• B)As small businesses grow,the business starts to decline.
• C)As small businesses grow,professional managers are hired to share the management load.
• D)In terms of small business,professional management is an issue of education,titles,and credentials.

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Definitions:

Surety

is a person or entity that takes responsibility for another's performance, such as fulfilling the terms of a contract or repaying a loan.

Default

Failure to fulfill a legal obligation or agreement, such as not making a payment on a loan by the due date.

Obligation

A duty or commitment to fulfill a contractual, legal, or moral requirement.

Rescission

The legal action of cancelling, terminating, or annulling a contract, restoring the parties to their original positions prior to the agreement.