Which of the following is NOT a characteristic of a small business?
A) has more formal managers than a large business
B) has about 200 employees
C) is not a "player" with impact within its industry
D) has a relatively small market share of its product
Answer: A
Explanation: A small business as defined has 500 or fewer employees, a small impact on its industry, and a fairly small market share of its product. However, the structure and formality that characterize a manager's job in a large organization tend to give way to informality in small firms.
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