A Small Business Owner Must Possess All of the Following

question 8

Multiple Choice

A small business owner must possess all of the following EXCEPT

• A)necessary skills to run the business.
• B)an in-depth understanding of the market.
• C)passion for starting a business.
• D)a sequential formula.

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Definitions:

Comparability

The quality that allows users to analyze and recognize similarities and differences between two or more items of financial information.

Operational Results

The financial outcomes resulting from a company's core business operations.

Income Tax Expense

The amount of money a company is required to pay to the government based on its taxable income.