Unlock access to all the studying documents.
View Full Document
One’s personal ethic is one’s own belief system.
Issuing purchase orders creates legal records of purchase.
The Service Corps of Retired Executives is sponsored by the Minority Business
Development Agency.
Small businesses must strive for low overhead, use no-frills assets, and look for better
real estate deals.
In a small business, facilities must be designed or selected to produce the desired
product at the lowest practical cost.
For small businesses, overseas markets represent only limited sales opportunities.
Purchasing materials for just-in-time delivery increases the risk of theft.
In order to learn to manage a family-owned business, a family member should be given
true responsibility.
The length of service of professional managers (as opposed to owner-managers) in
small businesses tends to be relatively long.