Canada’s post-secondary system was shocked when Laurentian University, based in Sudbury, Ontario, filed for creditor protection under the Companies’ Creditors Arrangement Act in 2021. Find at least one article that discusses this event, and include that article with your project. A good place to look for business articles is our own Albert D. Cohen Management Library: In the Resources section, you can see “Journal Database Aggregators”. The Canadian Business and Current Affairs Database (CBCA) is a rich source of business news.

b) On January 10, 2022, three private colleges in Quebec run by the Rising Pheonix International (RPI) Group followed Laurentian’s example and filed for creditor protection. An article on this subject is appended on the following page.

c) On January 11, 2022, Herzing College, a private college that operates in several cities, announced that their Montreal campus would allow any students affected by the RPI Group college closures to complete their education at no additional cost. An article on this subject is appended after the article pertaining to part b).

d) Answer the following questions:

1) What advantages or disadvantages do you think Herzing College would have considered before making the offer to allow students from RPI group colleges to complete their education at Herzing for no additional cost?

2) Do you think any of these institutions (Laurentian University, RPI group, or Herzing College) used ABC Costing? What makes you think so?

3) Provide one advantage for an educational institution to adopt ABC costing, and one disadvantage.