Which of the following statements is most correct when it comes to predicting corporate distress:

Question

Quizplus · Accepted Answer

While the Altman Z-Score may be one commonly used model, there are actually many models in use for predicting corporate distress. Option A is incorrect because the accuracy of the Altman Z-Score varies depending on the industry and other factors. Option C is incorrect because while no model is perfect, there have been successful attempts at predicting corporate distress. Option D is incorrect because many models use quantitative inputs, particularly financial ratios.

Which of the Following Statements Is Most Correct When It