Managerial Accounting

Rubrics:

for part a) Clearly and completely described.

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. Required: a) Based on Malaysian perspective, distinguish between micro, small and medium enterprise b) What are some of the characteristics required of a small business owner? Discuss. c) Identify and discuss several reasons of business failure