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 with a financial loss

B. has too few employees

C. stops operations for any reason

D. has a limited social media presence

Question #2

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

A. type of ownership

B. management errors

C. business size

D. competition

Question #3

Inaccurate estimates of cash flow may have serious business consequences.

A. True

B. False

Question #4

About how many new small businesses survive for five years?

A. more than half

B. very few

C. about half

D. less than half