Polaroid Corporation at One Time Was One of the Top

question 6

Multiple Choice

Polaroid Corporation at one time was one of the top 50 corporations in the United States. The company ultimately failed because:

• A) it did not keep pace with changes in technology.
• B) its managers were too slow in perceiving the need for change.
• C) it was not able to change quickly enough to remain competitive.
• D) its competitors took advantage of changes in the market.
• E) all of the above.

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Definitions:

Accounts Receivable Turnover

A financial ratio that measures how efficiently a company uses its assets by calculating the number of times average accounts receivable are collected during a specific period.

Acceleration

The rate at which the velocity of an object changes over time, including increases and decreases in speed or changes in direction.

Preceding Year

The year that immediately comes before the current year in a chronological sequence.

Unusual Item

An uncommon or rare financial transaction or event that is reported separately in financial statements due to its significance.