Jacob has started a graphic design company called Interon Graphics.As Interon Graphics moves into the growth phase,which of following would be Jacob's dominant financial management need?

Question

Quizplus · Accepted Answer

As the business moves into the growth phase, Jacob's dominant financial management need would be to obtain increasing amounts of cash inflows to fund the expansion of the business. This could involve securing investment, securing credit or loans, or increasing sales revenue. While internal control over assets, conserving money, and clearing debts are important aspects of financial management, they may not be as urgent or critical during the growth phase as obtaining funds to fuel growth.

Jacob Has Started a Graphic Design Company Called Interon Graphics