All of the Following Are Common Reasons Why Small-Business Ventures

question 130

Multiple Choice

All of the following are common reasons why small-business ventures fail except:

• A) sloppy accounting.
• B) fear of firing.
• C) poor management.
• D) long-term focus.
• E) operational mediocrity.

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Definitions:

Import Quota

A government-imposed limit on the quantity or value of a specific commodity that can be imported into a country.

Protective Tariff

A tax imposed on imported goods to shield domestic industries from foreign competition by making imported goods more expensive.

Import Quota

A government-imposed limit on the quantity or value of goods that can be imported into a country, used to protect domestic industries and manage trade balances.

United States

A country located in North America, comprised of 50 states, known for its significant economic, cultural, and political influence globally.