Read P296-P309, and then answer Board Query Questions (10 questions).

Board Query Questions
Board Query Questions
1. What primary error did Andrews make which led to their emergency loan?
a) Did not automate its products sooner
b) Did not finance long term investments with long term debt
c) Borrowed by issuing sale of common stock
d) Did not purchase enough short term debt
ans. Did not finance long term investment with long term debt
2. Why is Chester losing money?
a) Significant inventory in Coat and Cure products
b) Weak position in Nano segment
c) Has exited Nano and Elite segments
d) Has no long term sources of debt to finance plant improvements
ans. Has exited Nano and Elite segments
3. Which firm(s) may drive Chester out of business?
a) Andrews
b)...