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If only one employee holds knowledge of all critical tasks, what should the entrepreneur do?

Answer and explanation

Correct answer: Document knowledge and provide cross-training

Documenting procedures and training more than one employee reduce operational dependence on a single person. If that employee is absent or leaves, the business can still continue. A salary increase alone does not share knowledge, while reducing customers or increasing production does not remove the continuity risk.

Related tags

Knowledge ManagementCross-TrainingOperational RiskQualities And Functions Of An EntrepreneurEntrepreneurial Skills IArtificial IntelligenceClass 9 Mcq

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