Once a Crisis Has Been Resolved, a Firm Must Reassess

question 52

Multiple Choice

Once a crisis has been resolved, a firm must reassess its ________ and its preparedness.

• A) organizational policies
• B) communication methods
• C) crisis avoidance measures
• D) root cause analyses

Understand the role of brain matter and its connection to types of intelligence.

Understand the computation of the effective annual rate for factoring receivables.

Compute the duration it takes for a company to pay its suppliers.

Determine the average collection period for accounts receivable.

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Definitions:

Competitive Advantage

A particular circumstance or characteristic that grants a company a dominant or advantageous position over its competition.

Future Growth

Refers to the expansion and development of a business or economy over time.

Operational Control

The process of monitoring and managing day-to-day operations of a business to ensure that organizational goals are met.

Displaced Workers

Individuals who have lost their jobs due to economic changes, technological advancements, or other external factors beyond their control.