Which of the Following Is an Incorrect Priority of Claims

question 65

Multiple Choice

Which of the following is an incorrect priority of claims in the event of liquidation? (Note: The first item would be paid first.)

• A) Secured creditors, wages due employees, unsecured creditor claims, common shareholders
• B) Secured creditors, unsecured creditor claims, preferred shareholders, common shareholders
• C) Secured creditors, administration expenses, common shareholders, preferred shareholders
• D) Secured creditors, wages due employees, taxes due federal government, preferred shareholders

---

Definitions:

Process Innovation

The implementation of a new or significantly improved production or delivery method, enhancing efficiency and productivity in an organization.

Managerial Innovations

Changes or improvements in the management processes, techniques, or policies within an organization aimed at enhancing efficiency, productivity, or competitive advantage.

Designing Products

The creative and systematic process of specifying the conception, development, and fabrication of new products.

Alzheimer's Disease

A progressive neurological disorder that causes memory loss, cognitive decline, and eventually the inability to carry out simple tasks.