KM
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KM
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Morgan and Flynn owned a partnership business that was facing financial difficulties.The debts of the business were getting out of hand.However,neither Morgan nor Flynn wanted to close down the business and felt that,with a few changes,they could turn the business around and make a profit.Which chapter of the Bankruptcy Code should they file under? Why?
On Aug 03, 2024
Morgan and Flynn should file under Chapter 11 of the Bankruptcy Code reorganization.Chapter 11 provides for businesses to reorganize their financial affairs and still remain in business.Debtors can retain control of their business as a "debtor in possession" while the debts are being reorganized.Morgan and Flynn cannot use the Chapter 13 provision because it is open to individuals only.Neither can they use Chapter 12 because it is open to family farmers only.
KM
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Under flexible (floating)exchange rates, if the dollar price of pounds rises, the pound price of dollars will fall.
On Jul 31, 2024
True
KM
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Cross-cultural research indicates a consistent preference for blue as consumers' favourite colour.
On Jul 04, 2024
True
KM
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List and explain the five C's of credit.
On Jul 01, 2024
Capacity
Character
Capital
Conditions
Collateral
Character
Capital
Conditions
Collateral
KM
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A bailee has no right to limit his or her liability for loss or damage to the bailed goods because it would contravene public policy.
On Jun 04, 2024
False
KM
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Which element below is defined as generating creative, spontaneous ideas from all members of a group without making any initial criticism or judgment of them?
A) group effectiveness
B) brainstorming
C) social facilitation
D) groupthink
A) group effectiveness
B) brainstorming
C) social facilitation
D) groupthink
On Jun 01, 2024
B
KM
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Economics alone cannot determine the best way to balance the goals of efficiency and equity.
On May 05, 2024
True
KM
Answered
Prospecting via the ________ method involves finding and cultivating people in a community who are willing to help a salesperson find prospects.
A) cold canvas
B) group
C) public exhibition
D) center of influence
E) endless chain
A) cold canvas
B) group
C) public exhibition
D) center of influence
E) endless chain
On May 02, 2024
D