Which One of the Following Will Generally Have the Highest

question 62

Multiple Choice

Which one of the following will generally have the highest priority when assets are distributed in a bankruptcy proceeding?

• A) Consumer claims
• B) Dividend payment to preferred shareholders
• C) Company contribution to the employees' retirement account
• D) Payment to an unsecured creditor
• E) Payment of employees' wages

---

Definitions:

Divergent Thinking

A thought process or method used to generate creative ideas by exploring many possible solutions.

True Creativity

The ability to generate ideas or products that are both novel and valuable, reflecting genuine innovation.

Terman

Refers to Lewis Terman, an American psychologist best known for his revisions of the Stanford-Binet Intelligence Scales and research on gifted children.

Academic Genius

This term describes an individual with exceptional intellectual ability or academic achievement, often manifesting in breakthrough insights or outstanding scholarly work.