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When Sears first decided to sell its merchandise online,the manager in charge of the process had to hire a technical staff to create the website,gather other resources necessary for the project,and ensure the site would be introduced in an effective and efficient manner.This is a description of the manager's ____ function.
Financial Distress
Financial Distress occurs when an entity faces difficulties in meeting its financial obligations, often leading to insolvency or bankruptcy.
Leverage
Utilizing borrowed funds or debt to enhance the possible returns from an investment.
EBIT
Earnings Before Interest and Taxes, a measure of a firm's profit that includes all expenses except interest and income tax expenses.
WACC
Weighted Average Cost of Capital, a calculation used to estimate the average cost of a company's financing including equity and debt, reflecting the risk of investments.
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