<span>Bankruptcy
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Bankruptcy is likely the most extreme danger of excessive business debt. In a sole proprietorship, your business finances are not separate from your individual finances, meaning you could face personal bankruptcy. For other common business set-ups, if you cannot meet the repayment requirements of your lenders, they may eventually force you into bankruptcy. This typically means the end of your business, or at least the end of your ownership. Your business assets may be seized to allow creditors to recover some of their money.
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Limited Flexibility
</span>High debt leverage is less severe than bankruptcy but often a signal of impending doom. This means you have too much debt and your debt ratios show difficulty keeping up with your short-term and long-term debt obligations. This makes you susceptible to late fees, default and eventually bankruptcy. It also makes your business unattractive to prospective lenders or creditors. This gives you limited flexibility to find new financing or to buy new equipment or supplies on credit. New investors may also have concerns about your high debt.
<span>Poor Profits
</span><span>Even if your business stays afloat, too much debt leverage makes profitability difficult to achieve. Your business has fixed monthly expenses for building costs and labor. You also have variable costs of production or operations and sales. When you add high monthly principal and interest payments, bringing in enough revenue to make substantial profits becomes unlikely. Plus, if you cannot pay down debt quickly, you carry it longer and pay more in interest over time. Without profit or funding sources, you also cannot expand or grow your business.</span>
The answer is: Vincent Ogé
<span>Vincent Ogé was a mix-raced 'free man' who was wealthy and educated, a rarity at the time for someone from mixed ethnicity.
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He made his money through plantation and was well traveled in Europe. On a trip to Paris, he saw the French revolution take place before his eyes.
However, he saw how the benefits of the revolution were only for the 'white people'.
With the help of the British he wanted to end slavery in <span>Saint-Domingue.
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</span><span>He was eventually executed by the French and he became a symbol of the slave struggle. His death caused huge riots for days.</span>
Answer:
True.
Explanation:
The world systems theory is a fundamental social evolution theory which states that, some developed countries such as core nations benefit while other countries such as peripheral (underdeveloped) nations are being exploited significantly.
According to world systems theory, peripheral nations become economically dependent on core nations, which keeps them at a low level of modernization.
Basically, the world systems theory divide the world into three (3) main categories and these includes;
I. Peripheral nations: these includes countries that provide cheap labor and other resources for the core nations. Some examples of peripheral nations are Haiti, Nigeria, Kenya, Sudan, Philippines, Chad, Niger etc.
II. Core nations: these are technologically advanced and well-developed countries that benefit from peripheral nations. Some examples of core nations are Germany, China, Japan, United States of America, England, France etc.
III. Semi-peripheral nations: these includes countries that are in between core and peripheral nations such as developing countries.
The first one, darker coloration to absorb more heat from the sun. <3
