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Nikolay [14]
3 years ago
13

In May 2009, General Motors started closing 2,600 of its retail outlets and finally filed for bankruptcy in June. It emerged fro

m the bankruptcy protection by July 2009 after it received funding from the U.S. government, the Canadian government, the United Automobile Workers Union, and GM bondholders.
1. This is an example of _________.
O Reorganization
O Liquidation
Business
1 answer:
harina [27]3 years ago
8 0

Reorganization

<u>Explanation:</u>

Revamping may allude to the restoration of an organization's funds as per a liquidation. It can likewise allude to any procedure that influences the duty structure of an organization. Furthermore, revamping may allude to a merger or obtaining or offer of an organization that changes the proprietorship, stock, or lawful and the executive's structure.

The redesign is a conventional court-managed procedure of rebuilding an organization's funds after chapter 11. As per insolvency laws, explicitly Chapter 11, an organization is given security from lenders during the timespan when the organization proposes and a liquidation court audits and affirms a particular revamping plan. The rearrangement is planned to reimburse lenders to the most extreme degree conceivable and to rebuild the organization's accounts, the executives, and tasks to keep a similar issue from emerging once more.

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A positive result from the scientific management approach is an increase in _______ productivity.
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Digital Enterprise, Inc., promises to pay its employees a year-end bonus "if profits continue to be high and management agrees a
barxatty [35]

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D) An illusory promise

Explanation:

An illusory promise is not enforceable. Illusory promises are simply illusions that seem or appear to a contract, but are not.

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6 0
2 years ago
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kiruha [24]

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Shopping products

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8 0
3 years ago
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serg [7]

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$16,440

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3 years ago
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