1
ADMN 100 Final Questions with Correct
Answers | Updated (100% Correct Answers)
All of the following factors are generally cited to explain the success
of small business owners except __.
A. Lack of Control
B. managerial competence
C. Markwt demand for the product
D. Drive and deditcation
E. Luck Answer: A. Lack of control might lead to failure, not success.
All of the following factors are generally cited to explain the reasons
why small businesses fail except __.
A. Neglect
B. Access to resources
C. Insufficient capital
D. Managerial incompetence
E. Weak control systems Answer: B. Access to resources
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, 2
For basic factors explain most small business success: hard work, __,
Managerial competence, and __.
A. A business plan: market demand
B. Market demand: luck
C. Family support: collateral
D. Collateral: a business plan
E. Sales forecast: luck Answer: B. market demand: luck.
Four factors contribute to small business failure:_, neglect, we
control systems, and_.
A. Bad luck: owners health issues
B. A poorly written business plan: market demand
C. Inexperienced: insufficient capital
D. Poor collateral: government regulations
E. Optimistic sales forecast: bad luck Answer: C. Inexperienced:
insufficient capital
A major disadvantage of sole proprietorship is _.
A. High start up costs
© 2025 All rights reserved
ADMN 100 Final Questions with Correct
Answers | Updated (100% Correct Answers)
All of the following factors are generally cited to explain the success
of small business owners except __.
A. Lack of Control
B. managerial competence
C. Markwt demand for the product
D. Drive and deditcation
E. Luck Answer: A. Lack of control might lead to failure, not success.
All of the following factors are generally cited to explain the reasons
why small businesses fail except __.
A. Neglect
B. Access to resources
C. Insufficient capital
D. Managerial incompetence
E. Weak control systems Answer: B. Access to resources
© 2025 All rights reserved
, 2
For basic factors explain most small business success: hard work, __,
Managerial competence, and __.
A. A business plan: market demand
B. Market demand: luck
C. Family support: collateral
D. Collateral: a business plan
E. Sales forecast: luck Answer: B. market demand: luck.
Four factors contribute to small business failure:_, neglect, we
control systems, and_.
A. Bad luck: owners health issues
B. A poorly written business plan: market demand
C. Inexperienced: insufficient capital
D. Poor collateral: government regulations
E. Optimistic sales forecast: bad luck Answer: C. Inexperienced:
insufficient capital
A major disadvantage of sole proprietorship is _.
A. High start up costs
© 2025 All rights reserved
