When the debt is prorated to the creditors as a settlement in Chapter 11 this is called:
A. evolution.
B. substitution.
C. composition settlement.
D. extension.
Answer: C
Business
You might also like to view...
Which of these is considered an organizational information-seeking strategy?
a. research b. socialization c. disguising conversations d. spying
Business
What does the term “ethics” mean and what factors commonly contribute to unethical behavior?
What will be an ideal response?
Business
_____ is a business's concern for the long-range welfare of both the company and its relationships to the society within which it operates
a. Deregulation b. Social loafing c. Corporate self-dealing d. Corporate social responsibility
Business
Many companies start with cost to determine price since revenue must cover cost for the firm to make a profit
Indicate whether the statement is true or false
Business