Marvin started a small restaurant business. At first, he did everything himself, buying the ingredients, preparing and serving the food, creating the menu and setting the prices, and handling the finances of the restaurant. As his business grows, Marvin may have to do all of the following EXCEPT
A) hire servers.
B) designate someone to manage the restaurant.
C) keep doing everything himself.
D) leave the restaurant to meet with suppliers.
E) hire someone to maintain the accounting, payroll, and tax functions.

Question

Quizplus · Accepted Answer

In this scenario, Marvin's restaurant started as a sole proprietorship in which he did everything. As his business grows, he may need to hire servers and perhaps a buyer to help run the restaurant. The growth and success of his business may require him to be away from the restaurant frequently, meeting with suppliers, engaging in public relations, and attending trade shows. Thus, he may need to designate someone to manage his staff and maintain the accounting, payroll, and tax functions. He will not be able to continue doing everything by himself.

Marvin Started a Small Restaurant Business