Although All the Functions of Business in a Small-Business Setting

question 117

Multiple Choice

Although all the functions of business in a small-business setting are important,which of the following are the primary concerns when you start your own business?

• A)planning and financing
• B)financing and knowing your customers
• C)planning and accounting
• D)planning and managing your employees

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Definitions:

Demographic Transition

A theory describing the transition from high birth and death rates to lower birth and death rates as a country develops from a pre-industrial to an industrialized economic system.

Death Rates

The mortality rate represents the amount of deaths with respect to the total population size, measured over a certain timeframe.

Birth Rates

The quantity of babies born alive per thousand individuals in a community during a specific year.

Demographic Transition

A model describing changes in birth and death rates in a country as it develops, leading to stabilization of the population.