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Nadya [2.5K]
4 years ago
14

In Sweden, firms that fail to meet their debt obligations are immediately auctioned off to the highest bidder. (There is no reor

ganization through Chapter 11 bankruptcy.) The current managers are often the high bidders for the company. Why
Business
1 answer:
kati45 [8]4 years ago
4 0

Answer:

Explanation:

The process of buying and selling goods or services by offering them up for bid, taking bids, and then selling the item to the highest bidder or buying the item from the lowest bidder is referred to as an Auction.  

In Sweden, the current managers for the company are the high bidders due to the fact that they possess full knowledge of the financial position of the firm and if the current management continues, then reorganizations can be arranged in a private  negotiation between senior creditors and the debtor, without major intrusion from courts and other claimants.

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<h3>What is public relations?
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Global Stores is downsizing and must let some employees go. Employees volunteering to leave are being offered a severance packag
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made 1 year from now            

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Employees often receive a severance pay at the end of their employment. This is usually based on the length of service the employee is entitled to upon retirement. The Fair Labor Standards Act (FLSA) does not require severance pay.

Some employers choose to provide severance pay to employees who have been dismissed involuntarily or voluntarily. The main reason for offering severance pay is to soften the blow of involuntary layoffs and avoid future lawsuits by having employees sign releases in exchange for severance pay.

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8 0
2 years ago
Which advertising strategy emerged because of corporate mergers and public distrust of impersonal and large corporations?
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BartSMP [9]

Not enough information to answer the question, sorry.

5 0
3 years ago
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Masteriza [31]

Answer:

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