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A. can easily emerge as a going concern by using bankruptcy laws andprotection.
B. are less flexible in making changes and bankruptcy protection help little to reduce operating costs.
C. do not lead to major dislocations in the rights and privileges of owners,lenders and management.
Yes, option B is the right answer.
I guess option B=====================
Correct Answer is A) can easily emerge as a going concern by using bankruptcy laws and protection.
B-------------------------------------------------------
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