Which Three of the Following Are Most Likely to Be

question 47

Multiple Choice

Which three of the following are most likely to be costs of financial distress?

• A) Uncertainties in customers' minds about dealing with this firm
• B) Temptation to fire sell healthy businesses as this will raise the most cash
• C) Low staff morale
• D) If assets can be sold quickly the price may be very high.

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Definitions:

Catastrophizing

Believing that bad events are all-encompassing.

Bad Events

Negative occurrences or experiences that can induce stress, trauma, or emotional distress in individuals.

Pessimistic Explanatory Style

A tendency to explain negative events in a way that attributes them to stable, internal, and global causes.

Interpret Bad Events

The cognitive process of explaining and assigning meaning to negative occurrences or adversity.