Successful Small Business Owners Are

question 247

Multiple Choice

Successful small business owners are

• A) not good sources for information on starting your own business because they generally do not understand failure.
• B) valuable sources for information since you can learn from their experiences.
• C) good sources of information but risky since their keen sense of sniffing out something with potential will tempt them to steal your ideas.
• D) valuable sources of information, but you should proceed with caution because talking with someone who could eventually be your competitor may cross the line due to federal trade commission laws.

---

Definitions:

Purchases Journal

A record of all credit purchases made by a business, used to track and manage inventory acquisition.

Beverage Supplies

Items and ingredients used in the preparation and sale of drinks, often accounted for in businesses that serve food and drink.

Food Supplies

Items necessary for the production and provision of food services, including raw ingredients, pre-packaged commodities, and other essential food items.

Retail Items

Products that are purchased by consumers for personal use, usually sold in retail stores or through online platforms.