Which of the Following Is a Myth About Small Businesses

question 39

Multiple Choice

Which of the following is a myth about small businesses?

• A) That failed entrepreneurs can succeed if they try again
• B) That a small business will never have enough financing
• C) That students have skills to start small businesses
• D) That small businesses can start during recession

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Definitions:

Inventory Returns Estimated

An estimate of the value or volume of goods that are expected to be returned by customers over a specific period.

Sales Refund Payable

Obligations to return funds received from customers due to returns or refunds of products or services.

Sales Returns

Transactions in which customers return previously purchased merchandise for a refund, store credit, or exchange.

Merchandise Inventory

Goods that a company owns and intends to sell as part of its regular business operations, usually in the retail sector.