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Whirlpool uses an organizational structure with the following headings: Small Appliance, Large Appliance, Outdoor Equipment, and Electronics. What format of organizational structure is Whirlpool based on?
Creditors
Individuals or entities to whom money is owed by debtors.
Legal Actions
Formal steps taken within the judicial system, such as filing lawsuits or other court proceedings, to enforce or protect legal rights.
Bankruptcy Trustee
An official appointed by the court in bankruptcy cases to oversee and manage the debtor's estate, including the collection and disposition of assets.
Chapter 7
A provision of the U.S. Bankruptcy Code that involves the liquidation of a debtor's assets to pay off creditors.
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