Which of the following is true about failure and small businesses?

Question

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A discontinuance, or the closure of a small business, can result from various factors including the owner or founders deciding to work for someone else, lack of funding or resources, or simply not being able to compete in the marketplace. Personal failures (such as personal bankruptcy) can also result in the failure of a small business, but it is not the only or most common reason. Formal failures typically refer to legal processes such as bankruptcy, and while they do happen, they are not more numerous than personal failures. Lawsuits from creditors can certainly contribute to a small business's downfall, but it is not always the primary reason.

Which of the Following Is True About Failure and Small