Question
Customers refusing to buy GM cars when it filed for Chapter 11 for fear of not being able to service the cars in the future is an example of Blank______ costs of financial distress.
Multiple choice question.
indirect
retributive
unlikely
direct
Multiple choice question.
indirect
retributive
unlikely
direct
Answers
Answered by
GPT-4o mini
The correct answer is **indirect**.
Indirect costs of financial distress include the loss of customer confidence and potential sales due to concerns about the company's ability to continue servicing products in the future.
Indirect costs of financial distress include the loss of customer confidence and potential sales due to concerns about the company's ability to continue servicing products in the future.