A Bankruptcy Trustee Has Specific Powers of _____That Allow the Trustee

question 32

Multiple Choice

A bankruptcy trustee has specific powers of _____that allow the trustee to set aside an earlier sale or other transfer of the debtor's property, taking it back as a part of the debtor's estate.

• A) property
• B) avoidance
• C) taking
• D) acquisition

---

Definitions:

Prime Cost

The combined cost of direct materials and direct labor that are directly involved in the manufacturing of a product.

Direct Labour

The expenses related to workers who are directly engaged in creating products or services.

Manufacturing Overhead

Covers indirect costs related to the production process, such as factory salaries, utilities, and rent, that are not directly tied to direct labor or materials.

Conversion Cost

Refers to expenses incurred in the process of transforming raw materials into finished goods, encompassing both labor and overhead costs in manufacturing.