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A company has a debt covenant in place that limits the amount it can borrow to 50% of its tangible assets.If the company's actual value for that ratio is approaching violation of this debt covenant,consistent with PAT,management would try to relax the constraint by:
Coordinating Mechanisms
Methods or systems used within an organization to align activities, tasks, and functions towards achieving common objectives.
Decentralization
The process of distributing or delegating power and decision-making authority away from a central authority to more local or individual actors within the organization.
Subunits
Components or sections of an organization that operate semi-independently as part of the whole, often with specific functions or goals.
Consistent Pattern
A recurring or uniform sequence in behavior or events over a period.
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