Unlike direct insolvency costs, indirect costs are not considered transactions costs.

Name: Unlike direct insolvency costs, indirect costs are not considered transactions costs.
Brand: Quizplus
Rating: 4.7 (38 reviews)

Question

Quizplus · Accepted Answer

Indirect costs refer to the costs that are not directly related to the insolvency process, such as the loss of reputation, decreased customer confidence, loss of key employees, and decreased market value. These costs are considered transactions costs because they are a result of the insolvency event.

Unlike Direct Insolvency Costs, Indirect Costs Are Not Considered Transactions