Habib, who owns a popular restaurant, plans to expand his business. After reading favourable reviews, he decides to invest in an acquisition unaware that it is a dummy corporation. This fraud leads to significant financial losses for him, and he is forced to shut down his business. Which of the following is most likely to be the main reason for the failure of Habib's business?

Question

Quizplus · Accepted Answer

Habib's failure was due to ethical failure as he was deceived into investing in a dummy corporation, leading to significant financial losses. Lack of motivation, strategy or commitment, or late entry into the business, may impact a business's success, but they were not the main reason for the failure in this scenario.

Habib, Who Owns a Popular Restaurant, Plans to Expand His