You and a Friend Want to Open New Pet Grooming

question 69

Multiple Choice

You and a friend want to open new pet grooming and pet services shop. Once established, you intend to open a second store in a larger town 20 miles away. If store number two is a success, you plan to start franchising your company.
-During the first year of operation,_____ will be among your most valuable financial skills.

• A)managing cash
• B)following a budget
• C)managing accounts receivable and payable
• D)all of these

---

Definitions:

Efficiency-Focused

Aiming to maximize productivity with the least waste of resources and effort.

Emotion-Focused

An approach or coping strategy that involves managing and addressing feelings and emotional responses.

Problem-Focused

A coping mechanism that involves identifying and addressing the root cause of a stressor or problem directly.

Managing Stress

The process of identifying stressors in one's life and implementing strategies to reduce or handle them effectively.