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As Part of a Turnaround Plan, an Entrepreneur with a Business

Question 62

Multiple Choice

As part of a turnaround plan, an entrepreneur with a business in crisis will want to __________.


A) rein in unnecessary expenses at once
B) scale back operations and focus on selling the most profitable products
C) raise cash as soon as possible using equity, collecting receivables, and/or selling inventory
D) start to negotiate repayment plans with creditors
E) All of the answers are correct.

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