{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

2economic activity especially economic 2economic

Info icon This preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: ivables or inventories. 2.Economic Activity — Especially economic 2.Economic downturns – can contribute to the failure of a firm. downturns • If the economy goes into recession , sales If decrease • In 1990s, a number of major Business Failures In such as Olympia & York (Real Estate), America West Air Lines, resulted from over expansion & the recessionary economy. recessionary 3.Corporate Maturity: A final cause of Business 3.Corporate Failure is corporate maturity. Firms, like individual do not have infinite lives. Like a product , a firm goes through the stages of birth, growth, maturity, & eventual decline . # Voluntary Settlements An arrangement between a technically insolvent or An bankrupt firm & its creditors enabling it to bypass many the costs involved in legal bankruptcy proceedings. proceedings. • The settlement is normally initiated by the debtor The firm, because such an arrangement may enable it t continue to exist or to be liquidated in a manner that gives the owners the greate...
View Full Document

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern