Which of the Following Is not a Principal Type of Business

question 31

Multiple Choice

Which of the following is not a principal type of business activity?

• A)Operating
• B)Investing
• C)Financing
• D)Delivering

---

Definitions:

Chapter 7

A provision under the U.S. Bankruptcy Code that provides for the liquidation of a debtor's assets to repay creditors.

Voluntary Petition

A document filed by an individual or business in a bankruptcy court to initiate bankruptcy proceedings voluntarily.

Legal Actions

Steps taken within the judicial system to enforce or defend rights through lawsuits or litigation.

Bankruptcy Petition

A formal request filed by an individual or business entity to declare bankruptcy, initiating the legal process to discharge or reorganize debt.