Which One of the Following Is Consistent with a Simple

question 11

Multiple Choice

Which one of the following is consistent with a simple structure?

• A)high centralisation
• B)high formalisation
• C)high horizontal differentiation
• D)high departmentalisation

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Definitions:

Debtor's Estate

All legal or equitable interests of the debtor in property at the time of bankruptcy filing.

Involuntary Petitions

Legal filings typically used in bankruptcy laws, forcibly initiating bankruptcy proceedings against a debtor by creditors.

Chapter 7

A provision of the bankruptcy code that provides for "liquidation," wherein a debtor's non-exempt assets are sold and the proceeds distributed to creditors.

Chapter 11

A provision under the US Bankruptcy Code that allows businesses and individuals to reorganize their debts while keeping their assets.