Financial instability
@cacay1 (83237)
Cagayan De Oro, Philippines
December 20, 2023 11:46pm CST
Here are reasons why there is financial instability. It could be mismanagement and fraud incompetent or fraudulent management practices, such as embezzlement, misappropriation of funds, or accounting irregularities. It is important to note that the act could also lead to bankruptcy. It is not good for the business owner to do fraudulent activities like overpricing to innocent buyers or releasing goods in inaccurate measurement or weight. This leads to a failed trust and respect. The customers will gradually leave the business center.
6 people like this
6 responses
@Beestring (13577)
• Hong Kong
21 Dec
It is a criminal offence if the business owner does fraudulent activities.
3 people like this
@cacay1 (83237)
• Cagayan De Oro, Philippines
24 Dec
@Beestring, that's right especially in banking and Forex trading.
2 people like this
@RebeccasFarm (87114)
• United States
21 Dec
I see so businesses there are fraudulent.
2 people like this
@cacay1 (83237)
• Cagayan De Oro, Philippines
24 Dec
@RebeccasFarm there are many here inaccurate measurement and others are doing monkey business and black market.
2 people like this
@Nakitakona (56300)
• Philippines
21 Dec
In our place, profiteering is punishable by law. But nobody has been incriminated.
2 people like this
@cacay1 (83237)
• Cagayan De Oro, Philippines
24 Dec
@Nakitakona what about the murderer who. murdered his rival in politics are they jailed now? I mean the cohorts of Teves?
