Jill believes that she should file a plan for a Chapter 13 discharge in bankruptcy. A court will confirm her bankruptcy plan if it provides for
A) the completion of all payments to all creditors within six years
B) the payment of 100 percent of all obligations in full.
C) the surrender of all collateral to the creditors.
D) the turnover of the debtor's future income to the trustee.
C
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Social obligation is the obligation of a business to meet its ________.
A. social and technological responsibilities B. economic and social responsibilities C. technological and economic responsibilities D. economic and legal responsibilities
Goodwill:
A. is not amortized, but is tested annually for impairment. B. is not amortized and is not tested for impairment. C. is amortized using the units-of-production method. D. is amortized using the straight-line method.
Which of the following statements is true of strategic alliances?
A. They are always focused on joining the same value chain activities. B. They enable firms to achieve goals faster, but at higher costs. C. They are known as strategic alliances whether or not they have the potential to affect a firm's competitive advantage. D. They are most beneficial when they join together resources and knowledge in a combination that obeys the VRIO principles.
The Mailbox Rule determines the timing of the acceptance of a bilateral contract.
Indicate whether the statement is true or false.