Which of the Following Is Considered to Be a Leading

question 76

Multiple Choice

Which of the following is considered to be a leading cause of business failures?

• A) the loss of market focus
• B) the use of failure-prone practices
• C) unwise allocation of time and money
• D) unethical conduct

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Definitions:

Statutory

Relating to laws or statutes, often used in the context of rights or obligations that are legally defined.

Judicial

Pertaining to the courts or to the administration of justice.

Tax Liability

The sum of money owed to a tax agency based on earned income, investments, property, and other taxable entities.

Gross Income

The total income earned by an individual or a business before any deductions or taxes are applied.