Ignazio has just opened his business.One of the first things he should learn is:
A)how to prepare the financial statements.
B)which numbers are most important for him to watch and to watch them like a hawk.
C)whether to pay closer attention to monthly sales or to cash flow.
D)when to lease assets and when to buy them.

Question

Quizplus · Accepted Answer

As a new business owner, Ignazio should prioritize understanding which numbers are most important for his business and monitor them closely. This includes keeping an eye on revenue, expenses, profit margin, and cash flow. By understanding these key performance indicators, he can make informed decisions about the growth and direction of his business. While learning how to prepare financial statements and understanding when to lease or buy assets are important, they are secondary to understanding the most important numbers for his business.

Ignazio Has Just Opened His Business