1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lakkis [162]
3 years ago
5

In 2008, the United States began to witness one of the worst recessions since the 1930s. The collapse of the housing bubble in 2

006 led to a massive decline in real estate prices, affecting consumers and institutions, especially banking and financial entities. Severe liquidity shortfalls in the United States as well as other global markets led to a serious credit crisis. During the credit crisis of 2008–2009, several banks and other businesses went through a reorganization process or were forced to liquidate. Consider the following example:________.
In January 2009, American electronics retailer Circuit City Inc. closed all of its stores and sold all of its merchandise.
The above is an example of:______.
A. Reorganization
B. Liquidation.
Business
1 answer:
deff fn [24]3 years ago
3 0

Answer:

B. Liquidation.

Explanation:

Liquidation is and aftermath of the inability of a company or establishment to meet up with her obligations at the required moment. Thus, the company folds-up, lay off her staff and stop operating. While reorganization is a form of restructuring in a company or establishment. It may involve change of positions and duties among capable staff.

The example in the given scenario is that of liquidation because it ceased from operation.

You might be interested in
Ramsey Corporation desires to earn target net income of $90,000. If the selling price per unit is $30, unit variable cost is $24
Stels [109]

Answer:

b. 75,000 units

Explanation:

Fixed cost = $360,000

Target net income = $90,000

Selling price per unit = $30

Unit variable cost = $24

The computation of net income is shown below :-

= (Fixed expenses + target profit) ÷ (Contribution margin per unit)

where,  

Contribution margin per unit = Selling price per unit - Variable expense per unit

= $30 - $24

= $6

So, the net income is

= ($360,000 + $90,000) ÷ ($6)

= ($450,000) ÷ ($6)

= 75,000 units

7 0
3 years ago
Wild Plus, a television channel dedicated to wildlife, wanted to promote its new wildlife adventure series. The series received
MA_775_DIABLO [31]

Answer:

D. public relations

Explanation:

Public relations refers to the different approaches a company uses to disseminate information about its products and services to its customers and other stakeholders. Public relations involves crafting unique and catchy communication and using the media to and other mediums to create and sustain a strong brand image to the target audience.

An organization does not pay for public relations messages. It engages or participates in publicized events.  The media and medium attending the events pick and publish positive messages about the organization.

Public relations is all bout creating a good reputation in society. Organizations engage in charitable works or sponsors events as public relations events.

4 0
3 years ago
High SchoolBusiness7 days ago Canada has a market economy. As such, Canada's economy (relative to centrally planned economies) t
kati45 [8]

Answer:

D) productive efficiency and allocative efficiency but not necessarily equity.

Explanation:

Countries that have a market economy are capitalistic countries and those that favor command economies (centrally planned) are called socialist countries. No country is totally capitalistic (since governments, taxes, regulations, etc., exist), and no country is totally socialist either. But countries are classified depending on which economic system they favor.

Canada favors free markets, and by doing so, it allows market forces to allocate resources. Consumers are free to decide what to buy and at what price, and producers are free to decide what to sell and at what price. Since private actors are free to decide how to allocate resources, they are allocated more efficiently.

But the negative aspect of capitalism is that income and wealth distribution is very unequal.

7 0
3 years ago
Most criminals will also face tort civil cases after they are convicted of their crimes.
Bingel [31]
The correct answer is false
6 0
3 years ago
If you must apply for a loan, you should?
Agata [3.3K]
First have good credit.
7 0
3 years ago
Other questions:
  • Jake and janelle loved to prepare gourmet meals for friends and family. they started a business of preparing theme type dinners
    8·1 answer
  • In general, what are the benefits of the Internet to (i) the business person, (ii) an organization, (iii) a nation and (iv) a gl
    11·1 answer
  • Lucas is concerned that even if he puts forth effort and performs as expected, there are other individuals (i.e., flight crew, g
    12·2 answers
  • Firm B Keep agreement Break agreement Firm A Keep agreement Firm A profit = $50 Firm B profit = $50 Firm A profit = $100 Firm B
    5·1 answer
  • If total spending rises from one year to the next, then which of the following could not be true?A. the economy is producing a l
    12·1 answer
  • On October 31, Legacy Rocks Inc., a marble contractor, issued for cash 400,000 shares of $10 par common stock at $18, and on Nov
    8·1 answer
  • Ecology Co. sells a biodegradable product called Dissol and has predicted the following sales for the first four months of the c
    11·1 answer
  • When wages per unit of time go up but flow rate stays the same, what happens to the costs of direct labor
    13·1 answer
  • . If the Fed wishes to conduct expansionary monetary policy, it should (select one) a. Increase required reserve ratio b. Decrea
    11·1 answer
  • Which of the following is a legal philosophy that holds that either the employee or the employermay dissolve the employment arra
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!