Which of the Following Statement(s) About Financial Distress Is(are) True

question 30

Multiple Choice

Which of the following statement(s) about financial distress is(are) true:
I. always ends in bankruptcy
II. firms can postpone bankruptcy for many years
III. ultimately the firm may recover and avoid bankruptcy altogether

• A) I only
• B) II only
• C) II and III only
• D) III only

---

Definitions:

Person-centered Therapy

A therapeutic approach that emphasizes the importance of viewing the client as the central focus of therapy, with innate abilities for self-growth.

Conditions of Worth

Conditions imposed by others that must be met in order for an individual to receive respect or love, often leading to the suppression of true self.

Control

The power to influence or direct people's behavior or the course of events.

Person-centered Therapy

A counseling approach emphasizing the client's capacity for self-direction and understanding of their own development.