According to the Small Business Administration,about _____ of New Firms

question 30

Multiple Choice

According to the Small Business Administration,about _____ of new firms with employees survive four years,and for owner-only firms this rate is _____ percent surviving four years.

• A)one-fourth;30
• B)one-half;75
• C)two-thirds;50
• D)two-fifths;60

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Definitions:

Goodwill Impairment

The decrease in the value of goodwill on a company's balance sheet when the carrying amount exceeds the fair value.

Private Companies

Businesses whose ownership is private, meaning their shares are not traded on public stock exchanges, and often their financial information is not disclosed to the public.

Amortization Expense

The gradual reduction of a debt over time or the allocation of the cost of an intangible asset over its useful life.

Fair Value

The revenue generated from liquidating an asset or cost of moving a liability in a coordinated market operation on the day of measurement.