ABC Company Is Insolvent

question 36

Multiple Choice

ABC company is insolvent. It has two employees to which it owes $7,000 in wages for the last month, owes Canada Revenue Agency $15,000 and the Bank of Winnipeg $20,000. Jill is the sole director. What is her personal liability

• A) $7,000
• B) $15,000
• C) $22,000
• D) $29,000
• E) $49,000

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Definitions:

Birth Order

The chronological order of sibling births in a family, which is often theorized to influence personality development and behaviors of individuals.

Morningness-Eveningness

A characteristic of individuals that refers to their preference for mornings or evenings in terms of peak alertness and activity.

Confounding Variables

In a correlational study, an outside variable related to the primary variables; also known as third variables.

Gene-Environment Interaction

The complex interplay between genetic predispositions and environmental influences on an individual's traits and behaviors.