In the __________ Scheme, the Group Comes to Recognize That

question 34

Multiple Choice

In the __________ scheme, the group comes to recognize that one approach is objectively correct.

• A)two-thirds majority
• B)majority-wins
• C)first-shift
• D)none of these

---

Definitions:

Involuntary Petitions

Legal filings typically used in bankruptcy laws, forcibly initiating bankruptcy proceedings against a debtor by creditors.

Chapter 7

A provision of the bankruptcy code that provides for "liquidation," wherein a debtor's non-exempt assets are sold and the proceeds distributed to creditors.

Chapter 11

A provision under the US Bankruptcy Code that allows businesses and individuals to reorganize their debts while keeping their assets.

Stockbroker

A professional who buys and sells stocks and other securities for their clients in exchange for a fee or commission.