Quick Quiz — Financial Management Basics

Why can a "profitable" business still run into trouble? Profit and cash flow are the same thing, so this can't happen It can run short on cash if customers pay late or expenses come due before income arrives Profitable businesses never have financial problems

Why is it important to separate personal and business money? It isn't important as long as you remember what's what Mixing them is a common cause of confused, unreliable financial records It's only relevant for large corporations

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