Explain in brief the composition of a bankruptcy estate.
What will be an ideal response?
The bankruptcy estate includes all the debtor's legal and equitable interests in real, personal, tangible, and intangible property, wherever located, that exist when the petition is filed, and all interests of the debtor and the debtor's spouse in community property. Certain exempt property is not part of the bankruptcy estate. Exempt property is property of the debtor that he or she can keep and that does not become part of the bankruptcy estate. The creditors cannot claim this property. Gifts, inheritances, life insurance proceeds, and property from divorce settlements that the debtor is entitled to receive within 180 days after the petition is filed are part of the bankruptcy estate. Earnings from property of the estate-such as rents, dividends, and interest payments-are property of the estate. Earnings from services performed by an individual debtor are not part of the bankruptcy estate in a Chapter 7 liquidation bankruptcy.
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Suppose increased costs for security raised the costs of production for all firms. Explain how this would affect aggregate supply, output, and the price level in the short run and the long run.
What will be an ideal response?
A hospital is a facility whose staff provides services relating to observation, diagnosis, and treatment to cure or lessen the suffering of patients.
Answer the following statement true (T) or false (F)
The difference between the expected (or required) return for the market portfolio and the risk-free rate of return is referred to as:
A) beta. B) the geometric mean. C) the market risk premium. D) the arithmetic mean.
Which classification of administrative rules are usually the most important:
a. interpretative b. agency c. procedural d. formal e. none of the other choices are correct