Which of the Following Is Not a Primary Cause of Small

question 9

Multiple Choice

Which of the following is not a primary cause of small business failure?

• A) Floods and tornados
• B) Lack of understanding financial information
• C) Lack of financial capacity
• D) Incompetence and inexperience

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Definitions:

Vision

A statement or concept that describes the long-term goals or future aspirations of an organization or individual.

Leader

An individual who guides or directs a group towards achieving goals by influencing or motivating members.

Delegation

The process of assigning responsibility and authority to others to carry out specific tasks while retaining overall accountability.

Authority

Authority involves the right or power to make decisions, to command, or to be recognized as a source of reliable information or expertise.