What Must Be Acquired in Order for a Business to Continue

question 30

Multiple Choice

What must be acquired in order for a business to continue to function after its insolvency proposal has been approved by its creditors?

• A) approval of the court
• B) appointment of a trustee
• C) majority approval by creditors
• D) debtor in possession financing

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Definitions:

Saving And Spending

Economic activities that involve setting aside income (saving) for future use and using income for current needs or desires (spending).

Alianza Hispano Americana

A fraternal aid society founded in 1894 to provide mutual aid and legal help to Hispanic Americans, advocating for their rights and welfare.

Tucson

A city in the U.S. state of Arizona, known for its rich history and cultural heritage, including Native American, Spanish, Mexican, and American influences.

Los Angeles

A sprawling Southern California city and the center of the nation’s film and television industry, known for its iconic Hollywood sign.