Correct Answer: C

According to a Small Business Administration study, “Financial Difficulties of Small Businesses and Reasons for Their Failure”, 28 percent of small businesses filed for bankruptcy because of the financial structure.  Other reasons were:

  • Outside business conditions: 39%
  • Inside business conditions: 27%
  • Tax-related reasons: 20%
  • Dispute with creditor: 19%
  • Personal problems: 17%
  • Calamities: 10%

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