Which of the following statements concerning a Chapter 11 reorganization plan is true?
A. A reorganization plan will be confirmed by the court only if a majority of each class of creditors votes in favor of the plan.
B. A reorganization plan can be confirmed by the court over objections of some creditors if the court determines that the plan is feasible and fair.
C. Only the bankruptcy court has the authority to confirm or reject the reorganization plan. Creditors do not have a right to vote on the plan.
D. A reorganization plan binds only the debtor and not the creditors.
Answer: B
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Suppose you own a mutual fund which has 11,326,555 shares outstanding. If its total assets are $70,111,050 and its liabilities are $12,444,100, find the net asset value of the fund.
A. $5.09 B. $5.13 C. $5.36 D. $5.98
What point is the text making about ethical misconduct when it describes the Wells Fargo employee practice of creating fraudulent checking and savings accounts?
a. Managerial negligence is typically the starting place for organizational corruption. b. Governmental negligence in policing misconduct can be a major determinant of how commonly it occurs. c. Public image and admiration and ethical misconduct are not mutually exclusive characteristics. d. Organizational culture can be blamed for ethical misconduct as much as individual behavior.
Which of the following sentences uses the prepositions "between" or "among" correctly?
A. An organization divided the financial resources between its four departments. B. The work load was divided between six team members working in the organization. C. A winning team had to divide its prize money among eleven players. D. There was a huge difference of opinion among Ralph and Lex.
The most common way to design a process layout for a manufacturing facility is to arrange departments or work centers such that ______.
a. the total cost of materials handling is minimized b. the total time for materials handling is minimized c. the total man hours for materials handling is minimized d. the total distance travelled for materials handling is minimized