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:

Efficiency

The ratio of useful output to total input, indicating how effectively resources are utilized to achieve a goal.

Employee Morale

Refers to the overall attitudes, satisfaction, and outlook of employees towards their work and workplace environment.

Democratic Leader

A leadership style characterized by the involvement of team members in decision-making processes, promoting equality and participation.

Management Traits

Characteristics or qualities that are often seen in successful managers, including leadership, decision-making capabilities, and the ability to motivate and guide teams.