Dissaving

question 249

Multiple Choice

Dissaving

• A) occurs when consumption is greater than disposable income.
• B) is equal to the amount of saving when consumption is less than disposable income.
• C) is equal to consumption expenditure when disposable income is greater than zero.
• D) is equal to taxation when disposable income is zero.

---

Definitions:

Unsecured Creditors

Creditors who have extended credit without any specific collateral, making them more vulnerable in the event of the debtor's insolvency.

Direct Bankruptcy Costs

Expenses directly associated with the process of filing for bankruptcy, including legal fees, accounting fees, and other related costs.

Corporate Default

Occurs when a company fails to meet its legal obligations or promises, especially regarding the repayment of its debts.

Legal Expenses

Costs incurred by a business or individual for legal services, including lawyer fees, court fees, and other expenses related to legal processes.