Specific Areas of Managerial Incompetence Contributing to Small Business Failure

question 15

Multiple Choice

Specific areas of managerial incompetence contributing to small business failure include:

• A) company management does not ask for help.
• B) lack of financial skill.
• C) poor or non-existent management information systems.
• D) all of the answers are correct.

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Definitions:

Tax

An inescapable financial demand or another sort of fee imposed on a taxpayer by an arm of the government to fulfill government spending requisites and diverse expenditures for public services.

Good

An item or product that can be bought, sold, or provided in an exchange and is intended to satisfy a want or need.

Burden

In economic contexts, it often refers to the impact of taxes or regulations on individual or corporate finances.

Tax

Mandatory financial contributions imposed by governments on individuals, businesses, or transactions to finance government activities.