ENTREPRENEURSHIP AND THE GLOBAL ECONOMY
GLOBALIZATION AND ENTREPRENEURSHIP
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
moral principles that govern a person’s behavior or the conducting of an activity."medical ethics also enter into the question”
|
|
|
is the owner of a business that’s considered small in terms of its work force, sales volume or organizational structure.
|
|
|
a rule or directive made and maintained by an authority."planning regulations”
|
|
|
moral principles that govern a person’s behavior or the conducting of an activity."medical ethics also enter into the question”
|
Detailed explanation-1: -It defines small business by firm revenue (ranging from $1 million to over $40 million) and by employment (from 100 to over 1, 500 employees). For example, according to the SBA definition, a roofing contractor is defined as a small business if it has annual revenues of $16.5 million or less.
Detailed explanation-2: -A small business can use one of three primary organization structure options: functional, divisional or matrix. Essentially, the organizational structure creates a business hierarchy to increase the efficiency and effectiveness of the business operations.
Detailed explanation-3: -Small business is defined as a business that has a limited number of employees, typically fewer than 500, and operates independently of larger corporations. Small businesses are typically privately owned and operated and have a single owner or a small group of owners.
Detailed explanation-4: -Small business is generally defined as any business that is independently owned and operated, typically with fewer than 100 employees, and usually with less than $10 million in annual revenue.