ENTR.301 MT1 Neme: 1. Financing 2. Training 3. Ice cream production 4. All the a

Question

ENTR.301 MT1 Neme: 1. Financing 2. Training 3. Ice cream production 4. All the above 5. None of the above 17. SME sustainability may be attained by 1. 2. 3. 4. Fixed salaries to assure stability Low salaries to challenge workers/employees Higher salaries to attract skilled labor Different salaries to rotate workers/employees 18. SME sustainability may be enhanced by 1. 2. 3. Appreciating and valuing all workers/employees Appreciating only those who exceed expectations Appreciating managerial positions only reflecting general appreciation Appreciating senior workerslemployees only to set examples 1 Teamwnrk among workers/emplovees within an enterprise helps in building

Explanation / Answer

17

Different salaries to rotate workers/employees

Rotation of workers and employees will make sure that the employees develop skills and they are paid as per their skill level. In addition, other options will likely have negative impact. Fixed salaries may cause stagnation to learning and development. Low salaries will make it difficult to get employees. Higher salaries will make hiring process easy but will likely cause strain on profitability and make sustainability difficult.

18

Appreciating and valuing all workers/employees

When workers and employees are appreciated their motivation increase. This results in better performance and improves the SME. Other options will likely cause a difference in motivation level between employees. Appreciating only on exceeding expectation will likely demotivate the others. Appreciating managerial positions and senior employees only will cause demotivation to the junior workers/employees.

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