According to Table 16

question 68

Multiple Choice

According to Table 16.1 titled "What's Bugging You," the single biggest problem during the first year of operation and during periods of rapid growth was reported to be

• A) Taxes on business income
• B) Internal financial management
• C) Obtaining external financing
• D) Cost of health insurance

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Definitions:

Collateral Contract

A separate contractual obligation that can stand alone, independent of the written contract.

Inferred Trust

A trust implied by law to work out justice between the parties, based on certain circumstances or conduct, as opposed to being established by explicit words.

Vicarious Performance

Performance by another designated person of the obligations under a contract rather than the actual contracting party.

Qualified Person

An individual who possesses the necessary education, experience, and credentials to perform a specific job or task.