Rubric:

for part b: At least five specific characteristics are clearly stated and discussed.

for part c: At least five reasons are clearly stated and discussed.

QUESTION 1 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