Four General Factors Contribute to the Failure Rate of Small

question 20

Multiple Choice

Four general factors contribute to the failure rate of small businesses.Which of the following is NOT one of those factors?

• A) Insufficient capital
• B) Managerial incompetence or inexperience
• C) Low start-up costs
• D) Weak control systems
• E) Owner neglect

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Definitions:

Sensory Memory

Sensory memory is the shortest-term element of memory which allows individuals to retain impressions of sensory information after the original stimulus has ceased.

Short-Term Memory

A component of the human memory system that is capable of holding a small amount of information in conscious awareness for a brief period.

Mnemonic

A memory aid, usually a pattern or technique that assists in the learning and memorization of information.

Telephone Reservation

A process of booking or reserving a service, such as a hotel room or a restaurant table, over the phone.