Which of the following statements about small business failure is FALSE?
A) Business owners may fail if they do not anticipate necessary personal sacrifices.
B) Business owners may fail if they take excessive time in creating a business plan.
C) Business owners may fail if they are not prepared to invest their money and time.
D) Business owners may fail if they are unable to take on multiple responsibilities.
E) Business owners may fail if they take on too much debt.
B
Explanation: B) A business plan should be done carefully, spending as much time and allocating as many resources as are necessary to ensure that there is a realistic plan for business success.
You might also like to view...
If a company's product has an overall perceived performance score of 125, it means that ________
A) the product has a product performance advantage of 125% B) the company is showing a 25% increase in sales in the annual report C) the relative cost of purchase index for the product is equal to 125 D) the business is 25 percent ahead of its competition E) the company is showing a 25% increase in profits in the annual report
Each of the following has contributed to the rapid growth of trade among nations EXCEPT ________
A) the growth of emerging market countries B) the increase in trade barriers C) advances in information technology D) the liberalization of markets