Should a Business Fail After Receiving Shipping Documents from Its

question 44

Multiple Choice

Should a business fail after receiving shipping documents from its bank on the basis of a trust receipt, the bank:

• A)becomes a preferred creditor to the extent of the amount due less cash deposits with the bank
• B)sells off the assets
• C)auctions off the merchandise
• D)has a prior claim relative to other general creditors
• E)none of the above

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Definitions:

Workplace Practices

Procedures and routines that are carried out in a work environment, affecting employees' performance, satisfaction, and well-being.

Fairness

The impartial and just treatment of individuals without favoritism or discrimination.

Perceived Inequity

A feeling of unfairness experienced when an individual compares their own work reward ratio to that of others.

Under-Rewarded

Feeling or being inadequately compensated or acknowledged for one’s efforts or contributions.