Reference no: EM132020440

1. The following are drivers of economic failure:

A. Revenues lower than costs

B. Return on investment below costs of capital.

C. Profitability below expected levels.

D. All of the above.

2. The advantages of negotiating a workout between debtors and creditors outside of the formal bankrutpcy procedures include all of the following except:

A. It is easy to get all creditors to agree.

B. There is no stigma associated with bankruptcy.

C. There is less of a business loss.

D. Expenses that would normally be incurred in bankruptcy are reduced.

3. Foreign companies which have what percent of the trading volume on U.S. exchanges have to comply with SOX :

A. More than 5%

B. More than 10%

C. Less than 50%

D. More than 50%

4. Motives for Joint Ventures include:

A. Enhanced research and development capabilities.

B. Better sourcing for supplies.

C. Both a and b.

D. Neither a nor b.