Which Claims Have the Lowest Priority in Payment

question 12

Multiple Choice

Which claims have the lowest priority in payment?

• A)tax claims
• B)administrative claims
• C)unsecured claims
• D)wage claims

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Definitions:

Training

The process of enhancing the skills, capabilities, and knowledge of employees for the effective execution of their responsibilities.

Managerial Competence

The combination of skills, knowledge, and ability that enables a manager to effectively perform their duties and lead their team or organization.

Social Standing

The perceived rank or status of an individual or group within a social hierarchy.

Max Weber

A German sociologist, philosopher, and political economist, known for his theory on the structuring of society and for his ideas on bureaucracy.