Which of the following poses the MOST COMMON financial threat to local and regional businesses?
A) employee retention
B) undercapitalization
C) low productivity
D) limited customer base
E) inefficiency
B
Explanation: B) The most common challenge for local and regional businesses is managing money. A particular threat is undercapitalization, which occurs when a business owner cannot gain access to adequate funding. If the business cannot afford to produce goods or buy services, it will go bankrupt. Employee retention, low productivity, inefficiency, and access to customers may pose challenges for local and regional businesses, although not as severe as undercapitalization.
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A) A parallel route B) A peripheral route C) A circular route D) A central route
Distinguish between a packing slip, shipping notice, and a bill of lading
The generation of employees called ______ were born between 1965 and 1980 and are sometimes referred to as “baby busters” or “latchkey kids.”
A. boomers B. traditionalists C. Gen Xers D. millennials
Using U.S. GAAP and IFRS requirements for income tax accounting for financial reporting purposes, permanent differences
a. reverse, affect cash outflows for income taxes, and therefore affect income tax expense. b. reverse, affect cash outflows for income taxes, and therefore never affect income tax expense for any period. c. reverse, never affect cash outflows for income taxes, and therefore never affect income tax expense for any period. d. never reverse, affect cash outflows for income taxes, and therefore never affect income tax expense for any period. e. never reverse, never affect cash outflows for income taxes, and therefore never affect income tax expense for any period.