Grundy's Employer Recently Assigned Itself into Bankruptcy,leaving Grundy Unpaid in the Amount

question 47

Multiple Choice

Grundy's employer recently assigned itself into bankruptcy,leaving Grundy unpaid in the amount of $1,800 for back wages.Which category of creditor describes Grundy?

• A) secured creditor
• B) deemed statutory trust beneficiary
• C) unsecured creditor
• D) preferred creditor

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Definitions:

Company Procedures

Established methods and guidelines set by a business for carrying out its operations and dealing with various situations.

Audience Benefits

Benefits or advantages that the audience gets by using the communicator’s services, buying the communicator’s products, following the communicator’s policies, or adopting the communicator’s ideas. Audience benefits can exist for policies and ideas as well as for goods and services.

Extrinsic Motivators

External incentives or rewards, such as money or grades, used to drive behavior or encourage action.

Intrinsic Motivators

Benefits that come automatically from using a product or doing something.