The Connecting Through Social Media Box Titled "Facebook or Fakebook

question 135

Multiple Choice

The Connecting through Social Media box titled "Facebook or Fakebook" depicts the social media sites' widespread popularity.It asks members to consider:

• A) Using the site for creating legitimate viral marketing messages.
• B) The ethical and unethical activities of social media sites and how to remain an ethical participant.
• C) Eliminating photos from social media sites as an extra precaution.
• D) Whether social media should be classified as unethical online behavior.

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Definitions:

Nonexempt Assets

Assets that can be seized by creditors under bankruptcy proceedings, as opposed to those protected or exempt.

Involuntary Petition

A legal process initiated by creditors requesting the bankruptcy court to declare a debtor bankrupt, typically utilized when the debtor is not paying outstanding debts.

Chapter 7

A provision of the U.S. Bankruptcy Code that involves the liquidation of a debtor's non-exempt assets to pay off creditors.

Consumer Debt

Consumer debt is a type of financial obligation that arises from the purchase of goods that are used for personal, family, or household purposes.