The use of written policies, budgets, and job descriptions is most closely associated with which of the following stages of small business growth?
A) Formal organization
B) Intermediate supervision
C) One-person operation
D) Player-coach operation

Question

Quizplus · Accepted Answer

The use of written policies, budgets, and job descriptions is a characteristic of the formal organization stage of small business growth. This stage is characterized by the need for more formalized systems and procedures to manage the growing business. As the business expands, roles become more defined, and policies and procedures become more important to ensure consistency and efficiency in operations.

The Use of Written Policies, Budgets, and Job Descriptions Is