BLMA Models, the company profiled in the opening feature in Chapter 8, sells model trains and model train accessories. According to the feature, the biggest challenge the company has faced is:
A) cash flow management
B) constructing realistic pro forma financial statements
C) preparing budgets
D) hiring qualified personnel
E) achieving profitability

Question

Quizplus · Accepted Answer

The feature states that BLMA Models' biggest challenge has been managing cash flow. This indicates that the company has struggled with ensuring that it has enough funds to cover its expenses and invest in new products, which can be a common challenge for small businesses.

BLMA Models, the Company Profiled in the Opening Feature in Chapter