Which of the Following Is True About Failure and Small

question 27

Multiple Choice

Which of the following is true about failure and small businesses?

• A) Personal failures typically end up in court with some kind of loss to the creditors.
• B) A discontinuance may result from the apparent advantages of working for some else.
• C) Formal failures are far more numerous than personal ones.
• D) Discontinuance usually results when creditors file a lawsuit against a small business.

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Definitions:

Ethical Issues

Pertains to questions and situations that involve distinguishing between right and wrong behavior, often in moral terms, within a professional or social context.

Federal Government

A system of government where power is divided between a central (national) government and various regional governments.

Criminal Justice

The system of practices and institutions of governments directed at upholding social control, deterring and mitigating crime, and sanctioning those who violate laws with criminal penalties and rehabilitation efforts.

Law Enforcement

The system by which members of society act in an organized manner to enforce the law by discovering, deterring, rehabilitating, or punishing people who violate the rules and norms governing that society.