Within Altman's Z Score Model of Predicting Bankruptcy,the Total Value

question 56

Multiple Choice

Within Altman's Z score model of predicting bankruptcy,the total value of the assets are included in the model.If the total value of the assets decreases what effect does that have on the probability of the firm being in bankruptcy?

• A) increases
• B) remains the same
• C) decreases
• D) it is impossible to determine since the value of the assets is only used as a parameter in the model

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Definitions:

Expected Utility

The sum of the utilities coming from all possible outcomes of a deal, weighted by the probability of each occurring.

Risk-loving

An inclination to engage in behaviors or decisions that involve exposure to uncertainty, with the potential for higher rewards.

Expected Value

The sum of the payoffs associated with each possible outcome of a situation weighted by its probability of occurring.

Fixed Salary

A pre-determined amount of pay that an employee receives on a regular basis, such as monthly or annually, regardless of performance or hours worked.