The Debtor Is Presumed to Have Been Insolvent on and During

question 18

Multiple Choice

The debtor is presumed to have been insolvent on and during what period of time immediately preceding the date on which the petition was filed?

• A)Thirty days
• B)Sixty days
• C)Ninety days
• D)Six months

---

Definitions:

Material Cost

The cost of raw materials and components used to create a product.

Price Skimming

A pricing strategy where a company charges the highest initial price that customers will pay and then lowers it over time.

Product Price

The amount of money charged for a product, determined by factors like cost of production, market demand, and competitive pricing.

Short-Term Profits

Earnings achieved within a relatively brief period, reflecting the immediate financial health of a business.