Asked by Tamara Javelosa on Jul 03, 2024
Verified
Explain how a "big project" can get a company into trouble.
Big Project
A large and complex undertaking involving considerable resources, time, and effort to complete.
- Understand the risks associated with undertaking large projects and how they can affect a company's financial health.
Verified Answer
ZK
Zybrea KnightJul 04, 2024
Final Answer :
The company gears up for a "big project" without looking at the cash flow implications.Cash is expended by adding capacity and hiring personnel.When sales do not materialize,or take longer than expected to materialize,there is trouble.
Learning Objectives
- Understand the risks associated with undertaking large projects and how they can affect a company's financial health.