Entrepreneurship & Small Business Management Chapter 14: Recall Key Concepts Name: ________________________________ Date: _________ Directions: Please answer the following questions 1. What is different about an entrepreneur’s role after the business opens? _________________________________________________________________ _________________________________________________________________ _________________________________________________________________ 2. List the four management functions managers use to achieve their goals. _________________________________________________________________ _________________________________________________________________ _________________________________________________________________ _________________________________________________________________ 3. What do managers do as part of the organizing function? _________________________________________________________________ _________________________________________________________________ _________________________________________________________________ 4. When is the power-oriented leadership style most effective? _________________________________________________________________ _________________________________________________________________ 5. Which one of the management skills is considered the most important? _________________________________________________________________ _________________________________________________________________ 6. What policies, procedures, and activities are in the working management plan? _________________________________________________________________ _________________________________________________________________ _________________________________________________________________ 7. How do excellent managers deal with customers? _________________________________________________________________ _________________________________________________________________ _________________________________________________________________ Entrepreneurship & Small Business Management