The Most Significant Change in Small Business Is

question 17

Multiple Choice

The most significant change in small business is

• A) the increase in the number of male-owned businesses.
• B) the increase in the number of small business failures.
• C) the decline in the number of sources of financing for small businesses.
• D) the rapid emergence of electronic commerce.
• E) the luring of entrepreneurs back to corporate America for financial security.

---

Definitions:

Payables Manager

A financial professional responsible for managing a company's accounts payable, ensuring timely payment of invoices and maintaining vendor relationships.

Accounts Receivable Balance

The overall financial dues that customers owe a business for the receipt of goods or services which are unpaid.

Finance Charges

The cost of borrowing money, including interest and other fees, that a lender charges a borrower for the use of funds.

Accounts Receivable Period

The average number of days it takes a company to collect payment after a sale has been made.