The Main Difference Between a Settlement and a Preference Is

question 11

Multiple Choice

The main difference between a settlement and a preference is that

• A) a settlement involves a transfer by the debtor of its property for little or no value, whereas a preference gives preferential treatment to a particular creditor.
• B) a settlement involves the Bankruptcy Court, whereas a preference involves the trustee.
• C) a settlement involves a payment, whereas a preference does not.
• D) a settlement involves an assignment, whereas a preference only involves a proposal.
• E) none of the above.

---

Definitions:

Perceptions

The process of becoming aware of something via the senses; a way of understanding or interpreting something.

Performance Appraisal

The process of evaluating and documenting an employee's performance, to provide feedback, determine developmental needs, and guide decision-making about promotions, bonuses, or terminations.

Attendance

The act of being present at a location or event, often used in the context of work or school participation.

Situational Factors

External conditions or circumstances that can affect decisions, behaviors, and outcomes in a given context.