Topic 4 - Critical issues Flashcards by Sarah Grimley | Brainscape

Q

Main causes of company failure

A

Inadequate cash flow, poor strategic management of the business, trading loses

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Q

Voluntary cessation

A

When the business stops trading because it wants to.

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Q

Involuntary cessation

A

If the owner is forced to cease trading by the creditors of the business.

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Q

Bankruptcy

A

When business is unable to pay its debts.

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