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Monkey Business Corp

Question 46

Essay

Monkey Business Corp. has been in business for over 100 years and to date, the leaders have been made up of all the relatives of the original founder, C.M. Panzee. In fact, before a new member joins the leadership they sign a symbolic oath that specifically states, "our business practices have not changed in over 100 years… and we are proud of that." Unfortunately, Monkey Business have been insolvent for over a year and the leaders have not indicated that they plan on making any changes as they believe it would dishonor the legacy of C.M. Panzee. Due to the insolvency, a TA is hired. Given the facts stated above, which type of workout model would be the best model to follow?

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The TA should suggest the replacement mo...

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