BM Final

A business that was created for expanding an original business, but opening it in a new location, and where you are required to sell goods and services a certain way. 

• LLC

• Non-Profit

• Franchise

In order to have a franchise, you must have a contract.

• True

• False

The cost associated with the Small Business Administration Learning Center courses

• Free

• $50/course

• $200/year subscription

Leadership style that can seem like a lack of leadership but can still be powerful and insightful for self-starters.

• Democratic
• Laissez-Faire
• Transactional
• Autocratic

Leaders that create an environment where employees are safe to explore their roles and have freedom to do so.

• Democratic
• Strategic
• Autocratic
• Laissez-Faire

Type of leadership where employees will leave feeling unfulfilled with higher staff turnover.

• Transformational
• Democratic
• Autocratic
• Transformational

Managers can either make a business succeed or fail, as their decisions impact others and the outcome of a business.

• True
• False

Management duties never change.

• True
• False

involves projecting a strong sense of motivation and direction for employees, to help encourage high performance.

• Planning
• Organizing
• Controlling
• Leading

A process that regulates the business’s activities to ensure the goals that were set are getting accomplished.

• Planning
• Organizing
• Controlling
• Leading