Which of the following is true of Chapter 7 liquidation?
A. The debtor is not permitted to keep any of his or her assets.
B. The 2005 bankruptcy act has eased the process of applying for Chapter 7 bankruptcy.
C. The debtor's future income cannot be reached to pay the discharged debt.
D. Petitioning for Chapter 7 liquidation does not permit the debtor to petition for bankruptcy under any other chapter.
Answer: C
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What is the main objective of a company using the balance sheet approach to determine compensation for expatriate managers?
A. to give the manager the same standard of living plus extra for the inconvenience of moving B. to ensure that the company does not get stuck with paying the higher costs of living in an overseas location C. to give the manager an amount of compensation that enables the company to balance the books D. to give the manager the same amount of pay as in the home country but in the host country's currency E. to adjust the manager's pay downward so total compensation reflects the benefits of getting to travel
A market researcher wants to find the cause-and-effect relationship between using organic ingredients in food and the subsequent consumption by customers. He invites ten respondents to his research firm and asks them to taste two identical dishes. The dishes were prepared in a similar manner, but one has natural herbs for flavoring, and the other has artificial flavors. This is an example of ________.
A) descriptive research B) ethnographic research C) experimental research D) online research E) exploratory research
Financial performance measurement is useful for all of the following except assessment of
a. accounting methods. b. return by investors. c. risk by creditors. d. risk by investors.
Which of the following accounting elements does the matching principle help to match?
A) revenues and liabilities B) expenses and assets C) expenses and revenues D) expenses and liabilities