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, Franky joins what percentage of small businesses that have failed?
A) 10 percent
B) 20 percent
C) 50 percent
D) 75 percent

Question

Quizplus · Accepted Answer

The Answer of 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, Franky joins what percentage of small businesses that have failed?
A) 10 percent
B) 20 percent
C) 50 percent
D) 75 percent