Stating That the Failure of a Small Business Was Due

question 11

Multiple Choice

Stating that the failure of a small business was due to "ethical failure" 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:

Law Of Effect

The principle that behaviour followed by pleasant consequences is likely to be repeated; behaviour followed by unpleasant consequences is not.

Behaviour

Refers to the actions or reactions of an object or organism, often in relation to the environment or stimuli.

Pleasant Outcomes

The positive results or benefits achieved from a specific action, decision, or event.

Unpleasant Outcomes

Negative or undesirable results that arise from certain actions or decisions, often leading to dissatisfaction or adverse effects.