James started a business that sells leather purses and wallets. He leased a small building for the headquarters as well as a warehouse for packing and fulfilling orders. James had enough money to get started but his business faced seasonal variations in sales. Now, James finds it difficult to meet the day-to-day expenses of the business and can no longer operate his business normally. Which of the following problems is his business facing?Multiple Choicelack of productcompetitionbureaucracyundercapitalization

Multiple Choice QuestionA small business owner must deal with ongoing worries about competition, employee problems, rent increases or changing market demand. All of these are aspects of which disadvantage of small business ownership?Multiple choice question.Inability to cope with growthHigh stress levelsManagerial incompetenceUndercapitalization

Jasmine runs a store that sells commercial kitchen equipment. She started the business with her own money and solely manages the day-to-day operations of the business. Which of the following is true in this scenario?Multiple ChoiceJasmine’s business will be subjected to double taxation.Jasmine will have to share her profits with stockholders.Jasmine’s business will be constantly regulated by federal and state laws.Jasmine must file articles of incorporation to start her business.Jasmine can easily dissolve the business whenever she wants.

Rohan was working in Wills Ltd., a manufacturer of air conditioners. He found that the sales of the company was declining since 9 months resulting in reduction of profits, so he analyzed the business environment to find the reasons :-Identify the level of management at which he is workingState the functions performed by him

What is a disadvantage to a business of using scarce resources in their products?

Analyse two reasons for a profitable business running out of cash.