Question

HELP!!!!!!!!!!!!!!!!!!!!!

Which of the following is most likely to be a consequence for a business that neglects its financial information:
Group of answer choices

A business might exceed its budget.

The target market might not be reached.

Competitors will perform better.

Salespeople might not be prepared.

Answer 1

A business might exceed its budget.

Step-by-step explanation:

Neglecting financial information can lead to a lack of awareness about the company's financial position, including expenses and revenue. Without proper monitoring and analysis of financial data, a business may overspend or underestimate costs, resulting in exceeding its budget. This can lead to financial difficulties, such as cash flow problems, inability to pay bills or employees, and potential bankruptcy.

While the other options listed (target market not being reached, competitors performing better, salespeople not being prepared) may also have negative impacts on a business, neglecting financial information directly affects the financial health and stability of the business itself.