Which of the following is not true about bankruptcy?
A. It is more difficult to file a Chapter 7 bankruptcy now than it was many years ago.
B. To file for involuntary bankruptcy, creditors must prove that the individual has unsecured debt in excess of just over $15,000 and cannot pay its debts as they come due.
C. Bankruptcy can only be voluntary.
D. Today most bankruptcies are voluntary.
Answer: C
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A recent survey of hiring professionals revealed that
A) most employers understand that candidates may need to answer their smartphones during the interview, and that doing so has no effect on the outcome. B) candidates who answer mobile phone calls during interviews are more likely to get the job because they are perceived as busy and important. C) answering mobile phone calls or texting in the middle of an interview is the most common mistake candidates make during their interviews. D) candidates who warn the interviewer ahead of time that they might have to answer a call during the interview have a better chance of getting the job than those who do not. E) phones should be on silent, but it is acceptable to check who the caller is, in the event of an emergency. c
A study by Rarick and Vitton found that firms with a formalized mission statement have ________ the average return on shareholders’ equity than those firms without a formalized mission statement.
A) one-quarter B) half C) twice D) three times E) five times
Rick bought a bond when it was issued by Macroflex Corporation 14 years ago. The bond, which has a $1,000 face value and a coupon rate equal to 10 percent, matures in six years. Interest is paid every six months; the next interest payment is scheduled for six months from today. Assuming the yield on similar risk investments is 14 percent, calculate the current market value (price) of the bond.
A. $841.15 B. $1,238.28 C. $904.67 D. $757.26 E. $844.45
Bob, a house painter, contracts with Ollie to paint a rental house which Ollie owns. Bob hires Rob to take his place as the painter on this contract. What has Bob done?
A)Made a scrivener's error B)Severed the contract C)Delegated his duties D)Assigned his rights