The owner factors that determine if a business will succeed or fail, according to Churchill and Lewis (1983) include Group of answer choices Willingness to retain managerial responsibilities, ability to engage in marketing, human relations Cash and borrowing power, technological abilities, operational abilities, customer relationship. Risk appetite, business goals, reputation, cash savings. Personal goals, operational abilities, willingness to delegate, strategic know-how.

What are some key qualities or characteristics you believe contribute to success as a business founder or leader?

As a business owner, is it necessary to know thecontributing factors to the small business failurerate? Assuming that one is aware of all the aspectsof one’s business, how can a small business ownerstudy the business in depth?

The most important factor in successful organizations is:Question 22Select one:a.definition of quality.b.competition.c.weaknesses.d.strategy.

Generally, a “business” must have some value of its own, apart from its owner.Group of answer choicesTrueFalse

2.Which quality is most important for entrepreneurs when facing failures and setbacks?  A. Resilience  B. Risk aversion  C. Creativity  D. Consistency