1. When it comes to hiring in the small business:
a. each hire is very important because bad hires are very expensive.
b. it is only moderately expensive because bad hires can be quickly fixed due to the small businesses flexibility.
c. they tend to be in full compliance of EEOC and HRM laws, more so than large companies because the hiring process is done by very few individuals.
d. the small business owner is almost always in violation of some federal regulation due to the lack of an HRM professional on staff.
2. Once the owner determines an adequate minimum cash balance, what is the next step in creating a cash budget?
a. Forecasting profits b. Forecasting sales c. Forecasting cash receipts d. Forecasting cash disbursements