Stating That the Failure of a Small Business Was Due

question 47

Multiple Choice

Stating that the failure of a small business was due to "growing too fast" implies:

• A) not having expertise in the essentials of business operations, including finance, purchasing, selling, and production.
• B) not avoiding the temptations of fraud, deception, and embezzlement.
• C) not keeping track of the numbers, and failure to control business finances and use existing monies to best advantage.
• D) not taking the time to consolidate a position, fine-tune the organization, and systematically meet the challenges of growth.
• E) not having sufficient know-how to run a business in the chosen market or geographical area.

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Definitions:

Thematic Apperception Test

A projective psychological test that assesses a person's patterns of thought, attitudes, observational capacity, and emotional responses to ambiguous test materials.

Telling Stories

The act of narrating tales or events, often with a structured beginning, middle, and end, to convey information or entertain.

Projective Personality Test

A type of psychological test designed to let a person respond to ambiguous stimuli, revealing hidden emotions and internal conflicts.

MMPI

Short for Minnesota Multiphasic Personality Inventory, a standardized psychometric test of adult personality and psychopathology.