Which of the following is a characteristic of a small business?
A) Source of funding is primarily other people's money
B) Focus is on efficiency
C) Professionalized approach to human resource
D) Delegation is essential

Question

Quizplus · Accepted Answer

A characteristic of a small business is that they focus on efficiency as they have limited resources and need to make the most out of them. Option A is not necessarily true as small businesses could have multiple sources of funding. Option C is not a common characteristic of small businesses as they often have limited resources to dedicate to professionalizing human resources. Option D may or may not be essential depending on the size and structure of the small business.

Which of the Following Is a Characteristic of a Small