BDS Constructors Corp

question 58

Multiple Choice

BDS Constructors Corp. is a construction company in North Dakota. Due to lack of availability of credit funding, the company lost most of their projects, which eventually led to bankruptcy. Under Chapter 11 of Bankruptcy Act, the employer can file for:

• A)protection.
• B)claims.
• C)reorganization.
• D)loans.

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Definitions:

Corporate Organizational Structure

Corporate Organizational Structure defines how activities such as task allocation, coordination, and supervision are directed towards the achievement of organizational aims.

Vice President

An officer in a government or business organization ranking below a president or chief executive officer.

Chief Executive Officer

The highest-ranking executive in a company, responsible for major corporate decisions, overall operations, and resource management.

Controller

A corporate officer responsible for overseeing and managing the financial reporting, accounting, and auditing of a company.