You Are a Duly Licensed and Appointed Trustee to Handle

question 41

Multiple Choice

You are a duly licensed and appointed trustee to handle the Markin Brothers bankruptcy.You have taken possession of both personal and business assets of Sam and Joe Markin.You have retrieved all the books and documents relating to their affairs.You also have the authority to do each of the following EXCEPT

• A)borrow further money for the business by pledging any remaining unsecured assets.
• B)negotiate with creditors to take specific assets in lieu of a money settlement.
• C)dismiss any unqualified inspectors.
• D)take over the management of the business.
• E)employ a lawyer,who will be paid out of bankruptcy funds.

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Definitions:

Civility

Civility refers to polite and respectful behaviors and actions that contribute to a positive and productive social or work environment.

Positive Commenting

the act of giving affirming, constructive feedback that encourages growth and improvement rather than criticism.

Cognitive Dissonance

The mental discomfort experienced by an individual who holds two or more contradictory beliefs, ideas, or values at the same time.

Uniform Standards

Consistent and homogenous criteria or requirements that are applied across different units, processes, or entities to ensure quality and compliance.