Examlex

Solved

​Wilber Started a Tech Business in His Garage

question 67

Multiple Choice

​Wilber started a tech business in his garage. During the start-up, Wilber and all of the starting employees did any tasks needed. The company has now moved from Wilber's garage and into a building and employs 50 people. Wilber is now separating all of the organizational activities into distinct tasks and assigning different tasks to different people. Wilber is engaged in creating


Definitions:

Action

A process or act of doing something, usually to achieve an intended outcome or goal.

Detailed Financial Projections

Comprehensive forecasts about a company’s future financial status and performance over a period of time.

Entrepreneurial Activities

Actions aimed at initiating, designing, launching, and running a new business or enterprise, often in the face of financial risk.

Business Plans

A detailed document outlining the objectives, strategies, financial projections, and target market for a new or existing business.

Related Questions