Maintaining Good Financial Records and Financial Controls Over Cash Flow

question 14

Multiple Choice

Maintaining good financial records and financial controls over cash flow, inventory, customer data, and sales orders is particularly important when the entrepreneurial venture is_____________ .

• A)beginning to fail
• B)expanding
• C)harvesting
• D)beginning

---

Definitions:

Reliability and Validity

Refers to the consistency and accuracy of a measurement or assessment tool.

Company Sell

The process or act of transferring ownership of a company through sale to another party.

Multiple Hurdle Approach

A selection process where candidates must pass through several stages or "hurdles" of evaluation before being offered a position.

Owner-Operated Businesses

Enterprises that are controlled and run by their owners, who are also involved in the day-to-day operations and decision-making processes.