Kathleen filed for voluntary bankruptcy and the automatic stay went into effect. The automatic stay:
a. acts to automatically discharge Kathleen's debts.
b. stops any and all acts to collect, assess, or recover a claim against Kathleen that arose before she filed bankruptcy.
c. stops only secured creditors from taking any act to collect, assess, or recover a claim against Kathleen that arose before she filed bankruptcy.
d. stops creditors from trying to collect from Kathleen, but it does not stop them from filing lawsuits against her.
b
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According to Prahalad and Hamel, a core competence has all of the following characteristics except:
A) potential access to a wide variety of markets. B) a significant contribution to perceived customer benefits. C) it is easy for competitors to imitate. D) benefits to customers. E) it is difficult for competitors to imitate.
Transshipment models cannot be formulated as linear programming models
a. True b. False
Which one of the following is true of the bank reconciliation?
A) It should not be prepared by an employee who handles cash transactions. B) It is prepared in place of the cash ledger. C) It is a financial statement. D) It guarantees that no errors have been made.
Gert, an accountant, contracts to conduct an audit for Hailey. In performing the audit, Gert fails to detect certain misconduct. Gert is most likely
A. liable if a normal audit would have revealed the misconduct. B. liable if Gert issues a specifically qualified opinion. C. not liable if Gert generally disclaims any liability. D. not liable if the misconduct was due to Hailey's negligence.