The Savvy Entrepreneurial Firm Feature for Chapter 8 Focuses on Wise

Multiple Choice

The Savvy Entrepreneurial Firm feature for Chapter 8 focuses on Wise Acre Frozen Treats, a company that made organic popsicles from unrefined sweeteners. According to the feature, Wise Acre Frozen Treats failed largely because:

A) it grew too quickly, which overwhelmed its cash flow
B) it was not careful enough in preparing its pro forma financial statements
C) it was not efficient in the way it utilized its assets
D) it spent too much money on marketing
E) it did not compare its financial ratios to industry peers