Question

All of the following are common reasons why small business ventures fail except:

a.
sloppy accounting.
b.
naive hiring.
c.
long-term focus.
d.
lack of controls.
e.
unrealistic focus.

Answer 1

Except for a long-term focus, factors like sloppy accounting, naive hiring, lack of controls, and unrealistic focus are common reasons for small business failure. Long-term focus is generally considered beneficial for business sustainability and success.

Step-by-step explanation:

The common reasons why small business ventures fail include sloppy accounting, naive hiring, lack of controls, and unrealistic focus.

However, long-term focus is not typically considered a reason for business failure.

In fact, having a long-term perspective is usually seen as a beneficial approach to ensure the sustainability and success of a business.

Many businesses can fail due to factors such as poor management, unproductive workers, sharp competition, shifts in market demand and supply, and rises in input costs.

According to the U.S. Small Business Administration, a significant number of firms enter and exit the market annually, underscoring the volatility and competitive nature of the market economy.