for question B . give at least five specific characteristic are clearly stated and discussed in the answers.

for question C give at least five reasons are clearly stated and discussed in the answers.

Many of you will work for small business. Some of you will even own your own business. In order to operate a small business, you will need a good understanding of managerial accounting, as well as many other skills. Much information is available online to assist people who are interested in starting a new business. b) What are some of the characteristics required of a small business owner? Discuss. c) Identify and discuss several reasons of business failure