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  1. Question 1 of 8
    1. Question

    1. Match the word to the correct definition:

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    • Generally considered to be the state of a company in which its assets are directly threatened and thus its continued existence is at risk.
    • The implementation of a series of necessary measures to protect the company from insolvency and return it to operational normality and solvency. Turnaround management usually requires strong leadership and can include restructuring and layoffs, investigation of the root causes of failure and long-term programs to revive the business.
    • In a simplified legal sense: the inability to permanently fulfil existing financial obligations. Forms of insolvency are the inability to pay and over-indebtedness. Insolvency is by definition a judicial procedure.
    • Crisis:
      • Turnaround:
        • Insolvency:
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        • Question 2 of 8
          2. Question

          2. There are various models for depicting the course of a crisis. One possible approach is the 4-phase model. What is the 4th phase?

          • Phase 1: Potential Crisis
          • Phase 2: Latent crisis
          • Phase 3: Acute/manageable crisis
          • Phase 4: ___________

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        • Question 3 of 8
          3. Question

          3. The pandemic highlighted that the tourism industry is very vulnerable to crisis, true or false?

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        • Question 4 of 8
          4. Question

          4. SMEs are statistically more at risk of business crises than large companies, true or false?

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        • Question 5 of 8
          5. Question

          5. True or False: Early crisis detection includes the forward-looking identification of potential dangers in both internal and external areas of the company.

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        • Question 6 of 8
          6. Question

          6. True or False: Recognizing early warning signs is not a part of early crisis detection.

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        • Question 7 of 8
          7. Question

          7. Match the word to the correct definition:

          Sort elements
          • The company cannot be held responsible for the causes., (natural disasters, terror attacks)
          • The causes can be traced back to the company (leadership failure, human resource deficiencies).
          • Exogenous Causes:
            • Endogenous Causes:
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            • Question 8 of 8
              8. Question

              8. What do the letters in PESTEL, a framework used in strategic analysis, stand for?

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