Inadequate expense control typically occurs as a result of undercapitalization.

Name: Inadequate expense control typically occurs as a result of undercapitalization.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Undercapitalization refers to a problem many beginning business ventures have-insufficient start-up funds. Expense control problems can occur even in firms that do not start out undercapitalized, and is an area of concern to all businesses, not just new firms. Constant attention is needed to ensure expenses increase only when necessary.

Inadequate Expense Control Typically Occurs as a Result of Undercapitalization