Classify each of the following as a problem or a symptom. If it is a symptom, give

Question:

Classify each of the following as a problem or a symptom. If it is a symptom, give two examples of a possible underlying problem. If it is a problem, give two exam- pies of a possible symptom that may be detected.

a. Declining profits

b. Defective production process

c. Low-quality raw materials

d. Shortfall in cash balance

e. Declining market share

f. Shortage of employees in the accounts payable department

g. Shortage of raw material due to a drought in the Midwest

h. Inadequately trained workers

i. Decreasing customer satisfaction

Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive...