Which of the following statements is FALSE? In bankruptcy law

A) secured creditors who are not fully paid when the assets they have a security interest in are sold can then rank as preferred creditors for the unpaid amount
B) lawyers and the trustee in bankruptcy are preferred creditors
C) many unsecured creditors often receive very little of the amount they are owed
D) landlords, the government and employees can all be preferred creditors
E) the trustee can take back assets if the debtor sold them to keep them away from creditors' claims


A

Business

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A. new introductory demand. B. selective demand. C. competitive demand. D. comparative demand. E. introductory demand.

Business

Answer the following statement(s) true (T) or false (F)

1. After the site is selected, the management team should plan the layout of the facility, in detail. 2. Organizations that utilize a just-in-time inventory control approach expect inventory to arrive from suppliers just at the time they are needed. 3. The just-in-time inventory approach was developed by General Motors in Detroit. 4. EDI develops closer ties between the supplier and the producer. 5. Materials requirements planning (MRP) is most common in large service organizations such as hospitals and universities.

Business

Placing a special order for a part you need to customize your computer is an example of_____.

A. information utility B. ownership utility C. place utility D. service utility

Business

You go to a flea market and buy a LCD TV for $100 . One day you receive a notice that the owner of the TV, which had been stolen from her house and sold by the thief at the flea market, wants the set back. She says if you do not return the TV she will sue you for:

a. conversion, and probably win even though you did not know the set was stolen b. fraud, and probably win even though you did not know the set was stolen c. conversion, and probably lose because you did not know the set was stolen d. fraud, and probably lose because you did not know the set was stolen e. theft, and probably lose because you did not know the set was stolen

Business