Entrepreneurs, in Part Because They Are Very Busy, Often Fail

question 115

Multiple Choice

Entrepreneurs, in part because they are very busy, often fail to use

• A)formal control systems.
• B)benchmarking.
• C)emotional intelligence.
• D)cost competencies.
• E)social capital.

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Definitions:

Balance Sheet

A financial statement that provides a snapshot at a certain date, representing a company's assets, liabilities, and shareholders' equity.

Internal User

Individuals within an organization, such as managers and employees, who use financial information for decision-making purposes.

Company Treasurer

An executive officer responsible for managing the organization's financial operations, including investments, capital structure, and liquidity management.

Creditors' Information

Financial data and other information about a debtor that is shared with or accessible to creditors, often used in assessing credit risk or in making lending decisions.