Which of the Following Would Be a Preferred Creditor in a Corporate

question 49

Multiple Choice

Which of the following would be a preferred creditor in a corporate bankruptcy?

• A)a supplier owed $35,000 for goods it had sold to the corporation
• B)40 employees who are each owed $2,000 in wages
• C)a landlord owed 2 month's rent totaling $30,000
• D)a car dealer with a chattel mortgage of $20,000 on one of the company's trucks
• E)both B and C

Distinguish between various career development models and stages within an organizational context.

Explain the role of psychological contracts and their negotiation in early career stages.

Clarify the concept and benefits of realistic job previews for both organizations and job candidates.

Comprehend the new career paradigm and its characteristics compared to the traditional career model.

---

Definitions:

Direct Material Price

The cost of raw materials that are directly used in the manufacturing of a product.

Actual Production

The real, quantifiable output of goods or services produced by a company during a specific period, as opposed to theoretical or planned production levels.

Normal Production

The standard or average level of production volume that a company expects to achieve under normal operating conditions.

Direct Labour Rate Variance

A financial measure that calculates the difference between the actual cost of direct labor and the estimated (or standard) cost.