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Question
Mario has just begun to personally supervise employees. His firm likely to be in the ____________ stage of growth.
a. formal organization
b. intermediate supervision
c. one-person operation
d. player-coach
Answer
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A market is best defined as a geographical area that is of commercial interest to the entrepreneur.
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a. True
b. False
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Liability on the part of an owner that extends beyond the owners investment in the business
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