Financial distress may benefit firms if it prompts them to "restructure their assets". Explain what this means and how it can be beneficial.
What will be an ideal response?
"Restructure their assets" refers to analyzing a firm's operations and identifying the core business functions that produce profits and fit well together. The non-core functions and operations can be eliminated allowing the firm to concentrate both its assets and its energy into its profitable endeavors.
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What is the best approach to achieving one's communication goals as a public relations professional?
A) integration and strategic planning B) delegation and teamwork C) writing and interpersonal skills D) positive and friendly demeanor
The ending finished goods budget supplies information needed for the:
A) sales budget. B) cash budget. C) budgeted income statement. D) cost of goods sold budget. E) all of these.
Sullivan Consumer Products Co asks its employees to apply four tests in determining whether their behavior violates Title VII with respect to sexual harassment. Which of the following is one of the four tests?
a. Would your friends be impressed with your behavior? b. Do you think your behavior is humorous? c. Would your behavior help you to get a promotion? d. Would you like your behavior reported in your local newspaper?
An illustration of common law is
a. the constitution of a particular state. b. the Constitution of the United States. c. a statute enacted by a legislative body. d. decisions of federal and state courts.