Examlex
Only computer science majors can become CIOs.
Financially Distressed
A condition where a company or individual cannot generate sufficient revenue to meet its financial obligations, potentially leading to bankruptcy.
Operating Concern
A business enterprise that is functioning and not in the process of liquidation.
Liquidation
The process of winding up a company's affairs by selling off its assets to pay creditors and distribute any remaining assets to shareholders.
Pre-Tax Cost
Expenses or costs that are considered before taxes are applied.
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