As Discussed in the Text, Stage 1 of an Organization's

As discussed in the text, stage 1 of an organization's development is characterized by which of the following?

A) The business is essentially operated by one person, usually the entrepreneur.
B) The business is managed by the entrepreneur, with decision making authority delegated to managers.
C) The business is managed by professional managers, with a formal chain of command with decision making authority.
D) The business is overseen by a board of directors, with professional managers responsible for the day to day operations.
E) None of the answers apply.