According to the "Spotlight on Small Business" Box for Chapter

question 215

Multiple Choice

According to the "Spotlight on Small Business" box for Chapter 1, Lisa Knoppe Reed started a unique business called "Art for a Cause". Which of the following statements accurately conveys the climate surrounding women-owned businesses?

• A)Although it would make an ideal world, it remains difficult to make a living when you combine social causes and business ventures.
• B) There are still tremendous stigmas about women owning businesses. The few women who attempt to run their own business each year is indicative of these cultural problems.
• C) It is difficult enough for women to be entrepreneurs. When women combine social causes with their business skills, the business failure rate intensifies.
• D)The number of women owned businesses has increased significantly. As a social entrepreneur, Lisa's business model proves that one can be successful and also improve the lives of others.

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Definitions:

Breach of Contract

The failure to perform any term of a contract, written or verbal, without a legitimate legal excuse.

General Damages

Compensation awarded for non-monetary losses suffered due to a breach of contract or tort, such as pain and suffering or loss of reputation.

Incidental Damages

Financial losses indirectly resulting from a party's failure to meet a contractual obligation.

Trade Secrets

Confidential business information that provides an enterprise a competitive edge and is protected from disclosure by law.