A score model attributed to Argenti $(1976)$ suggests that the failure process follows a predictable sequence:

Failure process

Defects $-$Mistakes$-$ Symptoms of failure

Defects can be divided into management weaknesses and accounting deficiencies. for each of the companies below, determine whether it has a management weakness, accounting deficiency or none of the two. Company C lacks a formal cash flow tracking system, the company might face liquidity problems, unexpected shortfalls, and difficulty in managing financial obligations.