Of the Four Generic Growth Strategies,most Small Businesses Are

question 22

Multiple Choice

Of the four generic growth strategies,most small businesses are

• A)traditional small businesses.
• B)lifestyle or part-time firms.
• C)high-performing small businesses.
• D)high-growth ventures.

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Definitions:

GAAP

Generally Accepted Accounting Principles, a standardized set of accounting principles in the United States governing financial reporting and accounting.

Depreciation Requirements

The set of rules or guidelines dictating how an asset's cost should be allocated over its useful life.

Retained Earnings

Accumulated net income not distributed to shareholders as dividends but retained by the company for reinvestment in its operations or to pay debt.