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Author Question: An advantage of a proprietorship is A) it requires a minimum of paperwork. B) it can provide ... (Read 45 times)

michelleunicorn

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on: Jul 6, 2018
An advantage of a proprietorship is
 
  A) it requires a minimum of paperwork.
  B) it can provide complementary skills that can create more opportunities for the enterprise.
  C) it has limited liability.
  D) the personal assets of the owner are separate from the business.

Question 2

What are the three criteria for an effective strategic action plan?
 
  What will be an ideal response?


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Joc

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

A

Answer to Question 2

To be effective, a strategic action plan should meet the criteria of proactivity, congruency, and synergy. Proactivity is the degree to which the strategic action plan takes a long-term view of the future and actively moves the company forward in the desired direction. Congruency is the extent to which the strategic action plan fits with organizational characteristics and the external environment. Synergy is the integration of the efforts of various organizational subunits to better accomplish corporate-wide business objectives.


michelleunicorn

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Reply 2 on: Jul 6, 2018
Thanks for the timely response, appreciate it

nathang24

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Reply 3 on: Yesterday
:D TYSM

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