Which of the following is true of Chapter 7 of the United States Bankruptcy Code?
A) The 2005 Act gives debtors better means to obtain a Chapter 7 bankruptcy.
B) Under Chapter 7, a debtor is denied the right to a trustee.
C) It features a dollar-based means test and a median income test based on a debtor's state of residence.
D) The 2005 Act in effect pushed many debtors out of Chapter 7 and into Chapter 15 debt-adjustment bankruptcy.
C
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Suppose you borrowed $15,000 at a rate of 8.5% and must repay it in 5 equal installments at the end of each of the next 5 years. By how much would you reduce the amount you owe in the first year?
A. $2,404.91 B. $2,531.49 C. $2,658.06 D. $2,790.96 E. $2,930.51
When persuading an apathetic audience, when should the speaker deliver his/her strongest reason?
A. in the middle B. first C. last D. any order
The alignment of the personal goals of the managers of an organization with the goals of the organization is called:
A) a bottleneck. B) benchmarks. C) goal congruence. D) static budgeting.
What security functions typically are outsourced?
A) Intrusion detection B) Vulnerability testing C) Both A and B D) Neither A nor B