QUESTION 14 Some common reasons for small business failure are: management inexperience inadequate financing meeting government regulations all of the listed answers are correct QUESTION 15 The regulations required for a small business are: O important to research before you start a business should be researched after you have started the business not important to research as they change frequently not applicable to small businesses QUESTION 16 An executive summary outlines: the backgrounds of the executives of the company answers who, what where, when, why and how questions for the business is usually added to the last section of the business plan O is the longest section of the business plan