Costs of distress are greater when a large amount of __________ affect(s) the prosperity of the firm.

Question

Quizplus · Accepted Answer

Intangible assets are assets that cannot be physically touched, such as brand reputation, management talent, and customer relationships. When a firm experiences distress, its intangible assets may be damaged or lost, causing a greater negative impact on its overall prosperity compared to tangible assets like equipment or inventory.

Costs of Distress Are Greater When a Large Amount of __________