Which of the Following Is Not a Usual Consequence of Bankruptcy

question 25

Multiple Choice

Which of the following is not a usual consequence of bankruptcy for the bankrupt person?

• A)The person will remain bankrupt for a minimum of 10 years.
• B)The person's name will be on the public bankruptcy record.
• C)The person will usually be obliged to advise providers of credit that they are bankrupt.
• D)The person will be prohibited from managing a company or from holding public positions without permission.

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Definitions:

HR Gap

A shortage of human capital such that the organization is unable to meet its current or forecasted human capital requirements.

Human Capital

The collective skills, knowledge, or other intangible assets of individuals that can contribute to an organization's performance and economy.

Shortage

A situation in which the demand for a product or service exceeds the available supply, often leading to higher prices or unmet consumer needs.

Organizational Flexibility

The ability of an organization to adapt rapidly and efficiently to changes in the internal and external environment.