Noah Is a Bodybuilder Who Enters the Diet- Supplement Business

question 10

Multiple Choice

Noah is a bodybuilder who enters the diet- supplement business. His supplements, GRO- BIG, become popular because they come in the form of chewable bars that can be sold in grocery and convenience stores. GRO- BIG grows very big indeed. Unfortunately, Noah's expenses are high and he has periodic cash flow problems, though he is not insolvent. His creditors are seeking payment. If he wants to retain control of GRO- BIG operations, his best bet would likely be to

• A) make an assignment into bankruptcy so that he can extend the time needed to pay his debts.
• B) make a proposal to his creditors to liquidate the GRO- BIGbusiness.
• C) seek court approval of a scheme of arrangement under the Companies Creditor's Arrangement Act.
• D) encourage one of his creditors to apply for a bankruptcy order.
• E) none of the above.

---

Definitions:

Cardiac/Respiratory Arrest Team

A group of healthcare professionals skilled in the immediate response and treatment of individuals experiencing cardiac or respiratory failure.

Crash Cart

A mobile set of trays or shelves equipped with necessary medical supplies and equipment used in medical emergencies.

Chest Compressions

A lifesaving technique that involves rhythmically pressing down on the chest to mimic the heart's pumping and maintain blood flow during cardiac arrest.

American Heart Association

A nonprofit organization in the United States that focuses on cardiovascular health promotion and disease reduction through research, education, and advocacy.