1. After multiple rounds of layoffs, a plastics processing plant goes into bankruptcy because it has failed to keep up with technological developments in the field. It is called dissolution.
2. Crisis is a multinational conglomerate facing a turbulent environment embarks on a cost-cutting campaign instead of spinning off companies and divisions that are no longer in line with the company’s core competencies.
3. Blinded is a college president doesn’t recognize that the availability of free online education is going to dramatically reduce the number of people who are willing to pay for a college degree.
Explanation:
Dissolution is the final phase of liquidation, the closure of a company, and the transfer of the property and assets of the company. Relationship breakup is the first of two phases of relationship termination.
For example, marriage breakdown. It is the last winding-up process of corporate law.
There are several types of circumstances where disaster conditions can be considered. Which include: social disturbance or interruption of the family, as stated at the outset of the lesson. Natural hazards -floods, tornados, storm events, explosions and other natural phenomena incident.
