Welcome to the 1520 Perfect Dictionary
Click on any title to read the full article
| Business failure | |
|---|---|
| BUSINESS FAILURE Definition: (informal) A situation in which a business venture is unable to continue existing as a result of an inability to generate sufficient revenue to cover its expenses. ______________________________________________________________________ * All eight elements would be in. 1. Entity or enterprise never set out, from the onset, to fail (See perfect BUSINESS PLAN). _________________________ Quote: "The average person puts only 25% of his energy and ability into his work. The world takes off its hat to those who put in more than 50% of their capacity, and stands on its head for those few and far between souls who devote 100%". - Andrew Carnegie. 2. Management and/or supervisory and/or regulatory activities were insufficient or ineffective (See perfect UNDERUTILIZATION). _________________________ Quote: "I place economy among the first and most important virtues, and public debt as the greatest of dangers. ... We must make our choice between economy and liberty, or profusion and servitude. If we can prevent the government from wasting the labors of the people under the pretense of caring for them, they will be happy". - Thomas Jefferson. 3. Reason(s) or cause(s) for incompetence, inefficiency, losses, etc. can be known (See perfect MALADMINISTRATION). _________________________ Quote: "The labour movement's basic purpose is to achieve a better life for its members. A union that fails in this purpose has failed utterly". - New York Times. 4. 'Take-off' or start was not smooth or orderly, and therefore, a momentum or steadiness could not be gained (See perfect TEETHING TROUBLES). _________________________ Quote: "The dynamo of our economic system is self-interest which may range from mere petty greed to admirable types of self-expression". - Felix Franfurter. 5. Every effort within reasonable legal limits, to avoid a collapse will be attempted, even though these will all collapse (See perfect BUSINESS SCHOOL). _________________________ Quote: "Life is a great big canvass, and you should throw all the paint on it you can". - Danny Kaye. 6. Losses will be enormous for owners, shareholders, employees, marketers, advertisers, etc. and the investing public (See perfect LOAN SHARK). _________________________ Quote: "Taxes are the sinews of the state". - Cicero. 7. Lessons would be had therefrom, which should lead to a desire to succeed, if 'pathetic flop' can dare try again (See perfect RISK-TAKING). _________________________ Quote: "Never, never, never give up!". - Winston Churchill. 8. (Reserved.) (The books of trading organization are not presented in such a way that losses will be disguised and presented as gains, long before failure comes into the open (See perfect BALANCE SHEET). _________________________ Quote: "Greatest glory is not in never failing, but in rising up every time we fail". - Ralph Waldo Emerson. Quote: "The biggest impediment to a company's future success is it's past success". - Dan Schulman. | |
1520 Products |
||
|---|---|---|
1520 Products was established in 2005 with the purpose of entertaining and teaching us on key and important aspects of life (such as marriage, sex, etc) through the playing of games which will allow us to laugh but at the same time pass a message of what is the right or ideal way. |
||
 1520 Sex Game |
 1520 Puzzles |
 1520 Marriage Game |