Which of the Following Statements About Small Business Failure Is

question 12

Multiple Choice

Which of the following statements about small business failure is FALSE?

• A) Business owners may fail if they do not anticipate necessary personal sacrifices.
• B) Business owners may fail if they take excessive time in creating a business plan.
• C) Business owners may fail if they are not prepared to invest their money and time.
• D) Business owners may fail if they are unable to take on multiple responsibilities.
• E) Business owners may fail if they take on too much debt.

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Definitions:

Japanese Concept

Refers to strategic philosophies or principles originating from Japan, often applied to business, management, and production, like Kaizen (continuous improvement).

Aesthetic Quality

Aspects of a product, environment, or design that are pleasing to the senses, often related to beauty, artistry, and emotional response.

Quality Management System

A quality management system (QMS) is a structured set of processes and procedures aimed at ensuring that products, services, or operations meet specified quality standards and customer expectations.

Implementing

The process of putting into effect or action a plan, decision, or method.