What effect does the process of accord and satisfaction have on creditors?
A. It prevents creditors from filing for involuntary bankruptcy.
B. It discharges debt.
C. It prevents a creditor from suing while the business is revising its business model.
D. Contract terms with creditors are renegotiated, releasing the debtor from liability by settling the debt.
Answer: D
You might also like to view...
Which of the following is an example of "pull" system of production and inventory control?
a. ABC b. JIT c. EDI d. EOQ
There are ________ stages in the new-product development process.
Fill in the blank(s) with the appropriate word(s).
Stretch goals are the
A. goals that conflict with people's personal values and interests. B. targets that are exceptionally demanding and novel. C. targets that merely exhort employees in general terms to improve performance and start doing their best. D. set of goals whose primary focus is to protect organizations from being sustainable. E. goals that are high enough to inspire better performance but at the same time are always unattainable.
The sum of those changing expenses that are closely related to output is called the
A. total fixed cost. B. total variable cost. C. total overhead cost. D. total cost. E. None of these answers is correct.