Question
A past article in the Wall Street Journal described the situation surrounding the closure of a chicken processing plant by Pilgrim's Pride, a chicken processor
A past article in the Wall Street Journal described the situation surrounding the closure of a chicken processing plant by Pilgrim's Pride, a chicken processor that was operating under bankruptcy protection at the time the article was written.There was a controversy over whether Pilgrim's Pride was making a serious effort to find a buyer for the plant in Georgia.The company claimed it was while local farmers and workers claim it was not.As evidence of the lack of good faith, locals cited Pilgrim's dismantling of chicken operations in the area, slaughtering hens and selling off eggs.Pilgrim claimed the steps were necessary because "you can't close a plant and have tens of thousands of live chickens there with no place to go."Townspeople viewed the actions as a sign Pilgrim's wasn't serious about selling the plant, as it can take up to two years to restart operations once chicken production is interrupted.In economic terms, for this plant two years is the "long term".Is the statement true [enter a T on the spreadsheet], or false [enter an F on the spreadsheet], or Indeterminate [enter an "I" on the spreadsheet]?Briefly explain your answer.
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