Which of the Following Is True of Bankruptcy Petitions

question 17

Multiple Choice

Which of the following is true of bankruptcy petitions?

• A)Involuntary petitions require petitions from a minimum of two creditors.
• B)A creditor's claims must not be subject to a valid dispute.
• C)A creditor's claims can be contingent.
• D)Voluntary petitions cannot be filed by farmers.

---

Definitions:

Need-Based Theories

Psychological theories that focus on understanding human needs and how they influence behavior, particularly in the context of motivation.

Agency Theory

An economic theory that examines the relationship between principals (owners) and agents (executives), focusing on the conflicts of interest that may arise.

Agents

Individuals or entities authorized to act on behalf of others, in business or legal affairs, to achieve specified goals.

Information

Data processed, organized, or structured in a way that gives it context and relevance, allowing for decision-making.