Perhaps Equally,if Not More Damaging Are the Indirect Costs of Financial

question 46

Multiple Choice

Perhaps equally,if not more damaging are the indirect costs of financial distress. Some examples of indirect costs are:

• A) loss of current customers.
• B) loss of business reputation.
• C) management consumed in survival and not on a strategic direction.
• D) All of these.
• E) Both loss of current customers and loss of business reputation.

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Definitions:

Possessor

A person or entity that has physical control or occupancy of property, but not necessarily legal ownership.

Negligence

A legal concept referring to the failure to exercise a level of care that a reasonably prudent person would in similar circumstances, leading to harm or damage.

Omission

The act of leaving something out or not including something.

Reasonable Person

A hypothetical individual who exercises average care, skill, and judgment in conduct and is often used as a standard for determining negligence.