Scenario 1-2. Franky Ferguson has just reached a turning point in his business. He can no longer retain quality employees because he cannot meet his payroll, he does not have an adequate cash flow to pay his current bills, and he is three months behind in his loan payment to the bank. He must close the doors of this business.
-In Scenario 1-2, which of the following are areas should Franky have worked on in order to help ensure the success of his business?
A) applied for credit for short-term financing
B) laid off some employees
C) managing finances
D) increased his advertising budget

Question

Quizplus · Accepted Answer

Franky should have focused on managing finances to ensure adequate cash flow, meet payroll, and keep up with loan payments, which are critical for business sustainability.