ITB Chapter 3 and 4

Match it! Select the correct answer from the pull down...Good luck!

Negative cash flow is a situation that occurs when a business _______.

_______ is a disadvantage of organizing a business as a corporation.

Effective _______ help companies to maintain sales.

A business's _______ are often used to repair equipment.

An advantage of organizing a business as a partnership is _______.

A _______ is a business partner who has decision-making authority, takes an active role in the operation of a business, and has unlimited liability for all losses or debts of the partnership.

The systematic process of recording and reporting the financial position of a business is called _______.

The first step in writing a strategic plan is _______.