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Author Question: What was the primary cause of demise for such companies as Enron, Dave & Barry's, and Circuit ... (Read 65 times)

SGallaher96

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on: Jul 6, 2018
What was the primary cause of demise for such companies as Enron, Dave & Barry's, and Circuit City?
 
  A) poor management
  B) difficult economic conditions
  C) corruption
  D) governmental regulation

Question 2

A small business manager in many ways combines the roles of top manager and first-line manager in a large business.
 
  Indicate whether the statement is true or false.
Fundamentals of Management: Essential Concepts and Applications ¦ Robbins, Coulter, De Cenzo ¦ 10th Edition
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cupcake16

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Reply #1 on: Jul 6, 2018
Answer to Question 1

Answer: A
Explanation: Difficult economic conditions may have contributed to the failure of the companies listed, but many of their competitors faced the same challenge and did not go bankrupt. There is no evidence that corruption had undue influence on any of these failed enterprises. Regulation was also not a likely cause of their problems since again, competitors somehow managed to survive and even flourish under the same or similar circumstances. This leaves poor management as the primary cause of the failure of each company.

Answer to Question 2

Answer: TRUE
Explanation: A small business manager is usually a generalist. He or she may map out planning strategy like a top manager at one point in a day and supervise workers like a first-line manager during a different point in a day.


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