The ideal strategic planning procedure for a small company should be formal and highly structured.

One of the rights given to consumers by the Consumer Bill of Rights is the right to safety.

Time out of cash is one of the four major elements included in a financial feasibility analysis.

Financing the purchase of an existing business usually is easier than financing the startup of a new one.

Large companies create significantly more patents and other forms of innovations per research and development dollars spent than small firms.

________ thinking is the ability to see similarities and ________ thinking is the ability to see differences among various data and events.

A company’s mission statement should be lengthy and use fancy jargon to impress outsiders.

Expanding a business usually requires no significant changes in structure or business practices.

Enhancing individual creativity may be cultivated through such activities as modeling, encouragement, recognition, allowing failure, listening, talking to children, and taking time off.

The major problem with relying on the legal system to enforce ownership rights is the cost of infringement lawsuits, which can quickly exceed the budget of most small businesses.