Priority of Claims, Which of the Following Has the Highest

question 26

Multiple Choice

Priority of Claims, which of the following has the highest general priority?

• A)Tax Claims.
• B)Consumer Claims.
• C)Wages, salaries and commisions.
• D)Preference shareholder claims.
• E)Ordinary shareholder claims.

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Definitions:

Sophisticated Investors

Individuals or entities with extensive market experience and knowledge, making them capable of making informed investment decisions.

Corporate Finance

The division of finance that deals with funding sources, capital structure, and investment decisions of corporations.

Stocks And Bonds

Financial instruments where stocks represent ownership in a company and can yield dividends, while bonds are debt securities that pay fixed interest.