Which of the following is true of professional managers?
A) They tend to have less formal education than entrepreneurs.
B) They invest money in the businesses they work for.
C) They are usually more independent than entrepreneurs.
D) Without them, there would be no new businesses.
E) They may be hired for their services by entrepreneurs.

Question

Quizplus · Accepted Answer

Professional managers may be hired by entrepreneurs to provide their services in managing the business. They are not necessarily involved in starting or investing in the business, but rather in running it efficiently and effectively. Choice A is false as professional managers often have formal education, such as an MBA. Choice B is false as investing in the business is not a part of their job. Choice C is false as professional managers typically work within a hierarchical organizational structure. Choice D is false as new businesses may be started by entrepreneurs without the involvement of professional managers.

Which of the Following Is True of Professional Managers