As Stated in the Textbook "Small Businesses Have a High

question 26

Multiple Choice

As stated in the textbook "Small businesses have a high failure rate-one high enough to be intimidating." Which of the following items is a contributing factor to this high rate of failure?

• A)lack of strategy and lack of strategic leadership
• B)not having a succession plan
• C)commitment
• D)growing too slow
• E)having high ethical standards

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Definitions:

Traditional Nuclear Family

A family unit consisting of two parents (traditionally a male and female) and their biological or adopted children, living together as a household.

Egalitarian

Egalitarian refers to a belief in or practice of equal rights and opportunities for all people, opposing hierarchy and inequalities.

Permanent

Describes something that is intended to exist or last indefinitely without change, ending, or expiry.

Extended Family

Expands the nuclear family “vertically” by adding another generation—one or more of the spouses’ parents—to the household.