Julia Started a Cake Decorating Business Last Year

question 295

Multiple Choice

Julia started a cake decorating business last year. Unfortunately it failed quickly. She is convinced that she lacked the necessary funds to promote her business and get it off the ground. What did Julia experience?

• A) inadequate financial control
• B) undervalued inventory
• C) undercapitalization
• D) a cash flow issue

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Definitions:

Young Children

A reference to individuals who are in the early stages of their childhood, typically ranging from infancy to elementary school age.

Spring Tide

A tide just after a new or full moon, when there is the greatest difference between high and low water.

Neap Tide

Lower-than-average high tides and higher-than-average low tides caused when the Sun’s gravity partially offsets the effects of the Moon’s gravity.

High Tide

The maximum height to which water in the ocean rises relative to the land in response to the gravitational pull of the Moon; also refers to the time when such high levels occur.