Susan Started a Cake Decorating Business That Failed

question 219

Multiple Choice

Susan started a cake decorating business that failed.She is convinced that she lacked the necessary funds to promote her business and get it off the ground.Susan experienced:

• A)Inadequate financial control.
• B)Undervalued inventory.
• C)Undercapitalization.
• D)A cash flow issue.

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Definitions:

Avoided

In legal or contractual contexts, refers to actions or circumstances that render an agreement invalid or not enforceable.

Resold

The act of selling an item that has previously been sold, often referring to goods bought for the purpose of resale.

Resale Price

The resale price is the amount for which goods or services are sold again to consumers or businesses after being bought from the original seller or producer.

Incidental Damages

Incidental damages refer to secondary or peripheral expenses that result from a breach of contract, such as the costs incurred to mitigate losses or to cover additional operational expenses.