What Does "Priority" Mean

question 17

Multiple Choice

What does "priority" mean?

• A)Higher priority means preferential payout before lower priority claimants.
• B)Refers to the amount of payment that will be made upon bankruptcy.
• C)Lower priority means preferential payout before higher priority claimants.
• D)Debtors will be paid after the equity holders if there is a bankruptcy.

---

Definitions:

Personal Space

The physical space immediately surrounding someone, into which encroachment can feel uncomfortable or threatening.

Group Space

The physical or virtual spaces where group interactions occur, facilitating communication and collaboration.

Territoriality

The behavior by individuals or groups to claim and defend a specific area or territory as their own, often against others.

Cultural Background

The cultural, social, and familial influences that shape an individual's beliefs, values, and behaviors, often rooted in traditions, languages, and customs.