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:

Cash Budget

A budget of estimated cash receipts and payments.

Balance Sheet

A financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time, providing a basis for computing rates of return and evaluating its capital structure.

Income Statement

A financial report detailing a company's earnings and expenditures during a set timeframe, ultimately presenting the net profit or deficit for that period.

Personal Credit Card

A financial tool issued by banks allowing individuals to borrow funds for purchases, subject to repayment with interest.