Each business day, 12 small businesses in the United States declare bankruptcy primarily for which of the following?

Name: Each business day, 12 small businesses in the United States declare bankruptcy primarily for which of the following?
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Question

Quizplus · Accepted Answer

Poor cash-flow management is a primary reason small businesses declare bankruptcy. It involves the inability to manage the company's cash inflows and outflows effectively, leading to a situation where the business cannot meet its financial obligations.

Each Business Day, 12 Small Businesses in the United States