MyVeryOwnBiz Inc. has been your business for the past several years. You have put together your cash flow statements for the past 3 years to get a better idea of how your business is managing cash flow.

Year ending December 31	2021	2020	2019
Cash flow from operations	5,000	20,000	40,000
Cash flow from investing	25,000	10,000	-5,000
Cash flow from financing	35,000	-5,000	-25,000
Net change in cash	65,000	25,000	10,000
Cash, beginning of year	167,000	142,000	132,000
Cash, end of year	232,000	167,000	142,000
Profit for the year	1,000	15,000	35,000

The next five questions relate to the cash flow statements below. The rest of the questions in this section of the exam are independent.

Which life-cycle stage was the business most likely in, back in 2019?

Question 2 options:

a)

growth

b)	either growth or maturity

c)

maturity

d)

start-up

e)

decline

Question 3 (1 point)

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Which life-cycle stage is the business most likely in by 2021?

Question 3 options:

a)

maturity

b)

start-up

c)

decline

d)	either maturity or decline

e)

growth