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Setting up the human resource management (HRM) objectives of a company is an
example of an activity for strategic planning.
A family limited partnership resembles a will and contains instructions for managing
personal assets.
Counseling is not needed when an employee must be terminated.
Accounts payable are usually due within a few years.
Locations that afford easy access and relatively secure escape routes are particularly
invulnerable to armed robberies.
Defining the needs of each part of a business for information and its processing and use
is the final step in designing an information system.
The involvement of relatives in a family-owned business should always be based on the
family status of the person.
Planning is the process of assuring that organizational goals are achieved.
Software cannot be used to provide security to small businesses.
Suppliers should be chosen to meet carefully set quality and service standards.
Growth depends on attaining both profit and social objectives, which are not necessarily
incompatible.
Small company offering registration is the sale of common stock to the public through a
regulated board, such as Nasdaq.
