Choose the One Alternative That Best Completes the Statement or Answers

question 45

Multiple Choice

Choose the one alternative that best completes the statement or answers the question.
-A 6-sided die is rolled. What is the probability of rolling a number less than 3?

• A) \(\frac { 1 } { 6 }\)
• B) \(\frac { 1 } { 3 }\)
• C) \(\frac { 1 } { 2 }\)
• D) \(\frac { 2 } { 3 }\)

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Definitions:

Chapter 11

A provision of the United States Bankruptcy Code that allows businesses to reorganize and restructure their debts under the supervision of the court.

Automatic Stay

A legal provision that halts actions by creditors, with certain exceptions, to collect debts from a debtor who has declared bankruptcy.

Collection Proceedings

The legal process initiated by creditors to recover debts from borrowers through formal legal actions, including lawsuits, garnishments, and property liens.

Order for Relief

A court order in bankruptcy proceedings that gives the petitioner protection from creditors and approves the commencement of bankruptcy processes.