Glendale Community College » Business Administration » Busad 158 - Run Your Own Business » Spring 2023

Question #1

A business failure refers to when a business ______.

A. stops operations for any reason

B. has too few employees

C. has a limited social media presence

D. stops operations with a financial loss

Question #2

One of the most common reasons for small business failure is ______.

A. competition

B. business size

C. management errors

D. type of ownership

Question #3

Inaccurate estimates of cash flow may have serious business consequences.

A. False

B. True

Question #4

About how many new small businesses survive for five years?

A. less than half

B. about half

C. very few

D. more than half