Aside from Direct Costs of Bankruptcy, a Firm May Also

question 91

Multiple Choice

Aside from direct costs of bankruptcy, a firm may also incur other indirect costs such as ________.

• A) loss of customers and loss of suppliers
• B) loss of interest receipts
• C) loss of dividend receipts
• D) increase in raw material costs

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Definitions:

Freecycling

The practice of giving away unwanted items for free rather than disposing of them, to promote reuse and reduce waste.

TQM (Total Quality Management)

A management approach focused on continuous improvement of all organizational processes, products, and services.

Gemba

A Japanese term meaning "the actual place," often used in business to refer to the place where value is created or where the work is done, stressing the importance of understanding firsthand information.

Transumer

A consumer who prioritizes experiences over possessions and often engages in temporary use or rental of goods rather than ownership.