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Which is the following is NOT an example of a discretionary benefit? (Discretionary Benefits)
Capital Structure
The assortment of loans and equity a firm leverages to finance its daily workings and growth aspirations.
Legal Obligation
A duty enforced by law that requires an entity or individual to perform or refrain from certain actions.
Protective Covenants
Provisions or clauses in a debt agreement that limit certain actions of the borrower to protect the lenders' interests.
Indirect Bankruptcy Costs
Expenses that are not directly tied to the bankruptcy filing process but arise as a result of the company's financial distress, such as lost sales or reduced creditworthiness.
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