BUSINESS FINANCIAL MANAGEMENT TECHNOLOGY

Which of the following is not a question business owners should be continually asking themselves?

Should I hire an accountant and bookkeeper immediately to make certain I address financial management?

The biggest mistake Stella and Elizabeth Tillmann made in their new travel business was _____.

expecting large expenses initially could be recouped through increased sales

IBM began as a company producing computers years before their competitors

false

Small business that anticipates strong growth is well-advised to invest in comprehensive and expensive software at the start of the business so they can write off the expenses over time.

false

The transition from peacetime to wartime manufacturing required _____.

new airplane designs

Most new small businesses fail within the first five years because of _____.

poor financial planning and management

SCORE is a volunteer organization that will _____.

provide accounting services to small businesses

Businesses are less concerned with actual currency management.

true

Fortune 500 companies and small businesses face essentially the same financial management requirements.

true

One reason small businesses fail is unexpected growth.

true